{"id":338960,"date":"2020-02-25T12:39:40","date_gmt":"2020-02-25T07:09:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338960"},"modified":"2020-02-25T13:53:09","modified_gmt":"2020-02-25T08:23:09","slug":"oil-bounces-as-investors-hunt-bargains-virus-fears-cap-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-bounces-as-investors-hunt-bargains-virus-fears-cap-gains\/","title":{"rendered":"Oil bounces as investors hunt bargains; virus fears cap gains"},"content":{"rendered":"<p>Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains. <\/p>\n<p>Brent crude rose 29 cents, or 0.5 per cent, to $56.59 a barrel by 0212 GMT, after slipping 3.8 per cent on Monday, the largest single-day price fall since February 3. US crude futures climbed 22 cents, or 0.4 per cent, to $51.65, recovering from a 3.7 per cent drop in the previous session. \u201cWTI has regained some ground as investors looked for bargains and as the (US) benchmark slipped neared a key support level of $50 per barrel,\u201d said Satoru Yoshida, a commodity analyst with Rakuten Securities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains. Brent crude rose 29 cents, or 0.5 per cent, to $56.59 a barrel by 0212 GMT, after slipping 3.8 per cent on Monday, the largest single-day price fall since February 3. US crude futures climbed 22 cents, or 0.4 per cent, to $51.65, recovering from a 3.7 per cent drop in the previous session. \u201cWTI has regained some ground as investors looked for bargains [&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-338960","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338960","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=338960"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338960\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}