{"id":338454,"date":"2020-02-21T10:31:54","date_gmt":"2020-02-21T05:01:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338454"},"modified":"2020-02-21T11:59:53","modified_gmt":"2020-02-21T06:29:53","slug":"coronavirus-oil-nears-one-month-high-on-supply-threats-easing-demand-woes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-oil-nears-one-month-high-on-supply-threats-easing-demand-woes\/","title":{"rendered":"Coronavirus: Oil nears one-month high on supply threats, easing demand woes"},"content":{"rendered":"<p>Brent oil prices held near one-month highs on Thursday supported by China&#8217;s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya. <\/p>\n<p>Brent crude futures were up 7 cents at $59.19 a barrel by 0939 GMT, after climbing to as high as $59.71 earlier in the day. <\/p>\n<p>West Texas Intermediate (WTI) crude futures climbed 17 cents to $53.46 per barrel. <\/p>\n<p>China&#8217;s move to cut its benchmark lending rate on Thursday also helped ease worries about slowing demand in the world&#8217;s second-biggest oil consumer and largest crude oil importer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil prices held near one-month highs on Thursday supported by China&#8217;s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya. Brent crude futures were up 7 cents at $59.19 a barrel by 0939 GMT, after climbing to as high as $59.71 earlier in the day. West Texas Intermediate (WTI) crude futures climbed 17 cents to $53.46 per barrel. China&#8217;s move to cut its benchmark lending rate on Thursday also helped ease worries about slowing demand in the world&#8217;s second-biggest oil consumer and largest crude [&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":[135,130,169],"tags":[],"class_list":["post-338454","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338454","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=338454"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338454\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}