{"id":336072,"date":"2020-02-05T11:19:54","date_gmt":"2020-02-05T05:49:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336072"},"modified":"2020-02-05T11:37:38","modified_gmt":"2020-02-05T06:07:38","slug":"oil-slides-as-demand-fears-outweigh-hopes-for-bigger-opec-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-as-demand-fears-outweigh-hopes-for-bigger-opec-cuts\/","title":{"rendered":"Oil slides as demand fears outweigh hopes for bigger OPEC+ cuts"},"content":{"rendered":"<p>Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies. <\/p>\n<p>Brent crude slid 4 cents to $54.41 a barrel by 1:40 p.m. EST (1840 GMT) while United States (US) West Texas Intermediate (WTI) crude lost 9 cents to $50.02. <\/p>\n<p>\u201cI think the market is still concerned that it doesn&#8217;t know the full demand destruction from the coronavirus,\u201d said Andy Lipow of Lipow Oil Associates in Houston. <\/p>\n<p>Oil slid sharply over the past two weeks on concerns over the global economic impact of China&#8217;s coronavirus. In early trading, it bounced higher on the prospect of further output cuts from OPEC+, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies. Brent crude slid 4 cents to $54.41 a barrel by 1:40 p.m. EST (1840 GMT) while United States (US) West Texas Intermediate (WTI) crude lost 9 cents to $50.02. \u201cI think the market is still concerned that it doesn&#8217;t know the full demand destruction from the coronavirus,\u201d said Andy Lipow of Lipow Oil Associates in Houston. Oil slid sharply over the past two weeks on concerns over [&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-336072","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336072","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=336072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}