{"id":324435,"date":"2020-01-28T11:17:55","date_gmt":"2020-01-28T05:47:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=324435"},"modified":"2020-01-28T11:58:02","modified_gmt":"2020-01-28T06:28:02","slug":"oil-prices-skid-2-per-cent-extending-slide-as-china-virus-spreads","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-skid-2-per-cent-extending-slide-as-china-virus-spreads\/","title":{"rendered":"Oil prices skid 2 per cent, extending slide as China virus spreads"},"content":{"rendered":"<p>Oil prices slumped a further 2 per cent to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia&#8217;s energy minister sought to calm the market.<\/p>\n<p>Brent crude fell by $1.12 a barrel, or 1.9 per cent, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. US crude slipped by $1.14, or 2.1 per cent, to $53.05, having earlier eased to $52.15, the lowest since early October.<\/p>\n<p>Saudi Arabia&#8217;s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday he was watching developments closely in China and said he felt confident that the new virus would be contained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slumped a further 2 per cent to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia&#8217;s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9 per cent, to $59.57 by 0113 GMT, having earlier dropped to $58.68, the lowest since late October. US crude slipped by $1.14, or 2.1 per cent, to $53.05, having earlier eased to $52.15, the lowest since early October. Saudi Arabia&#8217;s Energy Minister Prince Abdulaziz bin Salman Al-Saud [&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":[130],"tags":[],"class_list":["post-324435","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324435","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=324435"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324435\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=324435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=324435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=324435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}