{"id":316222,"date":"2020-01-24T10:54:32","date_gmt":"2020-01-24T05:24:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316222"},"modified":"2020-01-24T11:39:24","modified_gmt":"2020-01-24T06:09:24","slug":"oil-prices-hit-seven-week-low-on-growing-concern-over-china-virus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-seven-week-low-on-growing-concern-over-china-virus\/","title":{"rendered":"Oil prices hit seven-week low on growing concern over China virus"},"content":{"rendered":"<p>Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week. <\/p>\n<p>The so-called novel coronavirus has killed 17 people because of respiratory illness since it emerged late last year in the Chinese city of Wuhan. The potential for a pandemic has stirred memories of the Sudden Acute Respiratory Syndrome (SARS) epidemic in 2002-2003, which also started in China, and dented economic growth and led to a slump in travel. <\/p>\n<p>Brent crude futures were down $1.05, or 1.7 per cent, to $62.16 a barrel by 0125 GMT, and earlier dropped to the lowest since Dec. 4, after falling 2.1 per cent the previous session.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week. The so-called novel coronavirus has killed 17 people because of respiratory illness since it emerged late last year in the Chinese city of Wuhan. The potential for a pandemic has stirred memories of the Sudden Acute Respiratory Syndrome (SARS) epidemic in 2002-2003, which also started in China, and dented economic growth and led to a slump [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-316222","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316222"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316222\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}