Oil prices edged lower Friday to cap the second weekly decline since April, as investors adjusted expectations to account for rising crude inventories and surging U.S. coronavirus cases. U.S. crude futures for delivery in August dropped 0.6% to $38.49 a barrel on the New York Mercantile Exchange, following a 1.9% gain Thursday. That marked a 3.4% decline in front month futures for the week.

Source: Wall Street Journal June 26, 2020 16:03 UTC