{"id":335610,"date":"2020-02-04T11:02:38","date_gmt":"2020-02-04T05:32:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335610"},"modified":"2020-02-04T11:22:34","modified_gmt":"2020-02-04T05:52:34","slug":"oil-prices-rebound-from-virus-slump-amid-recovery-across-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rebound-from-virus-slump-amid-recovery-across-markets\/","title":{"rendered":"Oil prices rebound from virus slump amid recovery across markets"},"content":{"rendered":"<p>Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday&#8217;s sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year. <\/p>\n<p>Brent crude was at $54.66 a barrel by 0227 GMT, up 21 cents, or nearly 0.4 per cent, while US West Texas Intermediate (WTI) crude was up 32 cents, or 0.6 per cent, at $50.43 a barrel. <\/p>\n<p>Both Brent and WTI are currently down by more 20 per cent from this year&#8217;s peak on January 6. <\/p>\n<p>\u201cThe rebound of crude oil prices reflects improved trading sentiment (across the Asia-Pacific region), as concerns over the coronavirus outbreak alleviated somewhat. Asian equity markets also recovered from yesterday&#8217;s losses,\u201d said Margaret Yang, market analyst at CMC Markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday&#8217;s sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year. Brent crude was at $54.66 a barrel by 0227 GMT, up 21 cents, or nearly 0.4 per cent, while US West Texas Intermediate (WTI) crude was up 32 cents, or 0.6 per cent, at $50.43 a barrel. Both Brent and WTI are currently down by more 20 per cent from this year&#8217;s peak on January 6. \u201cThe rebound of [&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-335610","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335610","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=335610"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335610\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}