{"id":337441,"date":"2020-02-14T11:25:48","date_gmt":"2020-02-14T05:55:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=337441"},"modified":"2020-02-14T11:54:20","modified_gmt":"2020-02-14T06:24:20","slug":"oil-prices-mixed-as-demand-concerns-outweigh-output-cut-expectations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-mixed-as-demand-concerns-outweigh-output-cut-expectations\/","title":{"rendered":"Oil prices mixed as demand concerns outweigh output cut expectations"},"content":{"rendered":"<p>Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world&#8217;s biggest oil importer, outweighed expectations of supply cuts from major producers.<\/p>\n<p>Brent crude fell 6 cents, or 0.1 per cent, to $55.73 per barrel at 0735 GMT. US West Texas Intermediate (WTI) was up 5 cents, or 0.1 per cent, to $51.22 a barrel. Brent rose 3.2 per cent on Wednesday, while WTI gained 2.5 per cent as a slowdown in new Chinese coronavirus cases boosted expectations of a demand recovery.<\/p>\n<p>However, Hubei province, the epicentre of the outbreak, said on Thursday the number of new confirmed cases there jumped by 14,840 on February 12 to 48,206, and deaths climbed by a daily record of 242 to 1,310, reflecting changes to the diagnostic methodology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world&#8217;s biggest oil importer, outweighed expectations of supply cuts from major producers. Brent crude fell 6 cents, or 0.1 per cent, to $55.73 per barrel at 0735 GMT. US West Texas Intermediate (WTI) was up 5 cents, or 0.1 per cent, to $51.22 a barrel. Brent rose 3.2 per cent on Wednesday, while WTI gained 2.5 per cent as a slowdown in new Chinese coronavirus cases boosted expectations of a demand recovery. However, Hubei province, the epicentre [&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-337441","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337441","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=337441"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337441\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=337441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=337441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=337441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}