Oil keeps slipping as new coronavirus infections hit China and US

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Oil keeps slipping as new coronavirus infections hit China and US
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Cluster of cases in Beijing raises concern of resurgence of disease as US rate rises

An oil refinery worker cycles past storage tanks in this file photograph. Picture: REUTERS/DARREN WHITESIDE

A cluster of infections in Beijing has increased concern of a resurgence of the disease. The coronavirus pandemic started at the end of last year in the Chinese city of Wuhan. Industrial output in China, the world’s biggest crude oil importer, rose for a second consecutive month in May but the rise was smaller than expected, suggesting the world’s second-biggest economy is struggling to get back on track after containing the coronavirus.

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