The oil price rally may have come to an end, with the long-feared “second wave” of coronavirus infections having now arrived, posing renewed threats to the global economy. A new outbreak of infections in Beijing over the weekend prompted a “war-time” response from the Chinese government, a top city official said . Schools, sports venues, malls and supermarkets saw another round of closures and checkpoints. Across the U.S., infections are rising in many states, even as Americans display weariness and reluctance to continue with mask wearing and social distancing guidelines. However, unlike in March and April where the epicenter of the pandemic was New York, the new explosions of cases are more concentrated in the south. On Saturday, the U.S. reported almost 26,000 new cases, the highest total in nearly a month. “The second wave has begun,” William Schaffner of the Vanderbilt University School of Medicine, said on CNBC […]