Oil falls below $40 on record U.S. inventories, COVID fears

LONDON (Reuters) - Oil slipped below $40 a barrel on Thursday after a more than 5% fall the previous session, as record-high U.S. crude inventories and a resurgence in coronavirus cases cast doubt on a recovery in fuel demand.U.S. crude stocks rose 1.4 million barrels to a record high, the Energy Information Administration said on Wednesday. [EIA/S] This hit crude prices, as other details the EIA reported such as fall in gasoline stockpiles, lent limited support."The report was another nail in..