London: Oil slid more than 3% towards $40 a barrel on Tuesday, its fifth session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world.Coronavirus cases rose in 22 of the 50 U.S.
states, a Reuters analysis showed on the Labor Day holiday weekend. New infections are also increasing in India and Britain.Brent crude fell $1.43, or 3.4%, to $40.58 a barrel at 1127 GMT, and earlier slipped to $40.55, the lowest since June 29.