{"id":335563,"date":"2020-02-04T11:00:43","date_gmt":"2020-02-04T05:30:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335563"},"modified":"2020-02-04T11:00:43","modified_gmt":"2020-02-04T05:30:43","slug":"oil-extends-losses-below-50-as-virus-concerns-grip-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-losses-below-50-as-virus-concerns-grip-market\/","title":{"rendered":"Oil extends losses below $50 as virus concerns grip market"},"content":{"rendered":"<p>Oil extended its sharp decline below $50 a barrel as traders weigh the impact on global demand from the spread of coronavirus, which has probably cut China\u2019s oil consumption by 20%.<\/p>\n<p>Futures in New York were down 0.7%, after plunging 2.8% Monday in a continuation of oil\u2019s worst start to a year since 1991. Oil demand in the world\u2019s biggest importer dropped by around 3 million barrels a day, according to people with inside knowledge of China\u2019s energy industry.<\/p>\n<p>The outbreak threatens what could be the largest demand shock since the global financial crisis. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil extended its sharp decline below $50 a barrel as traders weigh the impact on global demand from the spread of coronavirus, which has probably cut China\u2019s oil consumption by 20%. Futures in New York were down 0.7%, after plunging 2.8% Monday in a continuation of oil\u2019s worst start to a year since 1991. Oil demand in the world\u2019s biggest importer dropped by around 3 million barrels a day, according to people with inside knowledge of China\u2019s energy industry. The outbreak threatens what could be the largest demand shock since the global financial crisis.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-335563","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335563","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=335563"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335563\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}