Oil down 3% after Donald Trump gets coronavirus and economies wobble

Brent crude slipped on the Trump news and was down $2.05, or 5.01%, at $38.88 a barrel by 1324 GMT. US oil was down $2.01, or 5.19%, at $36.71

Oil prices fell 3% on Friday after U.S. President Donald Trump tested positive for Covid-19, roiling risky assets, and as rising global crude output threatens to overwhelm the market's weak recovery.

Benchmark Brent and U.S. crude were both headed for a second straight week of losses. The uncertainty surrounding the U.S.

president's health added to a series of jitters, including a lackluster U.S. unemployment report and increased supply from major world oil producers.

"It's been a rough week - and now the president's diagnosis sends a shudder through markets," said John Kilduff, partner at Again Capital in New York. "The Covid-19 pandemic has