Oil extending its fall

Oil fell with equities and risk currencies on Thursday, its falling further as I update.

Part of the broader risk off tone:

• concerns of an acceleration of the COVID-19 epidemic in the US
• which may slow the recovery in demand for oil
• add in higher crude and product (gasoline, distillate) stockpiles

Its not just the price of oil falling here, AUD and other currencies are adding to their losses against the big dollar