{"id":339262,"date":"2020-02-27T11:40:57","date_gmt":"2020-02-27T06:10:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339262"},"modified":"2020-02-27T12:10:28","modified_gmt":"2020-02-27T06:40:28","slug":"us-crude-drops-below-50-as-virus-spreads-in-middle-east-and-europe","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-crude-drops-below-50-as-virus-spreads-in-middle-east-and-europe\/","title":{"rendered":"US crude drops below $50 as virus spreads in Middle East and Europe"},"content":{"rendered":"<p>US crude dropped below $50 on Wednesday to its lowest since January 2019, as Asia, Europe and oil-producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.<\/p>\n<p>Brent crude was down 55 cents, or 1%, to $54.40 a barrel by 1432 GMT, while U.S. West Texas Intermediate (WTI) crude was 24 cents, or 0.5%, lower at $49.66 a barrel.<\/p>\n<p>Pandemic fears intensified as authorities around the world battled to prevent the spread of coronavirus, which has now been found in about 30 countries. <\/p>\n<p>World stocks tumbled for a fifth straight day, while safe-haven gold rose back towards seven-year highs and U.S. bond yields held near record lows after governments and health authorities warned of a possible pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US crude dropped below $50 on Wednesday to its lowest since January 2019, as Asia, Europe and oil-producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic. Brent crude was down 55 cents, or 1%, to $54.40 a barrel by 1432 GMT, while U.S. West Texas Intermediate (WTI) crude was 24 cents, or 0.5%, lower at $49.66 a barrel. Pandemic fears intensified as authorities around the world battled to prevent the spread of coronavirus, which has now been found in about 30 countries. World stocks tumbled for a fifth [&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":[130,191,136],"tags":[],"class_list":["post-339262","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339262","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=339262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}