Oil futures fell again on Wednesday after a sharp slide in the previous session, as a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand, Reuters reported.

Brent crude LCOc1 was down 19 cents, or 0.5%, at $39.59 a barrel by 0656 GMT after dropping more than 5% on Tuesday to fall below $40 a barrel for the first time since June.

And US crude CLc1 was down 24 cents, or 0.7%, at $36.52 a barrel, having fallen nearly 8% in the previous session.