Second Covid Wave Could Send Oil Prices Into “Tailspin”

Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the United States represents a major red flag, threatening another downturn.  Experts had long warned that a second wave might be possible, but the sudden spike of cases across much of the U.S. has caught many state governments off guard. Cases in Texas, Arizona and Florida are nearing “apocalyptic” levels, an infectious disease specialist at Baylor told CNN.…