14:48 ET - US benchmark oil prices fall by the most in nearly two weeks, ending the session 3.1% lower at $39.62/bbl as investors fret over increasing cases of coronavirus and rising inventories of crude oil at the US storage hub in Cushing, Okla. WTI rallied to a four-month-high of nearly $41/bbl on Wednesday and some analysts said the market was carving out $40 as a market trough. But that bullish sentiment quickly vanished as data this morning showed US jobless claims remain elevated, which caused US stock markets to tumble and led to a return of risk aversion in crude-oil futures markets. (dan.molinski@wsj.com)

(END) Dow Jones Newswires

July 09, 2020 15:03 ET (19:03 GMT)

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