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Bleeding from penis can be due to infection. If the bleeding is coming from the urethra while passing urine than it can have many reasons. It can be due to a urinary infection,calculi,prostate infection,trauma,bleeding disorders,some diseases of the urinary bladder and even kidneys.If this is a new development i would suggest to see your doctor for examination to find out where exactly is the problem and then he can guide you further investigations accordingly.If the bleeding is continuous i would suggest an evaluation in urgent care.
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If it is coming from the same area where the abscess is then its quite possible that it could be due to the abscess but if it is coming from a new site then other possibilities as i mentioned need to be considered.
Yes if it is a continuous bleeding i would suggest to have an examination
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