{"id":339300,"date":"2020-02-27T12:20:54","date_gmt":"2020-02-27T06:50:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339300"},"modified":"2020-02-27T12:48:46","modified_gmt":"2020-02-27T07:18:46","slug":"oil-falls-for-fifth-day-on-demand-concerns-as-coronavirus-spreads","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-for-fifth-day-on-demand-concerns-as-coronavirus-spreads\/","title":{"rendered":"Oil falls for fifth day on demand concerns as coronavirus spreads"},"content":{"rendered":"<p>Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. <\/p>\n<p>Brent crude was down 63 cents, or 1.2 per cent, at $52.80 a barrel at 0414 GMT. The contract earlier fell to as low as $52.57, the lowest since January 2, 2019. West Texas Intermediate (WTI) futures fell by 65 cents, or 1.3 per cent, to $48.08 a barrel. It earlier fell to as low as $47.84, the lowest since January 4, 2019. <\/p>\n<p>In the five trading sessions through Thursday, Brent has dropped 11 per cent, while WTI has declined 10.6 per cent, their biggest five-day percentage losses since August 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. Brent crude was down 63 cents, or 1.2 per cent, at $52.80 a barrel at 0414 GMT. The contract earlier fell to as low as $52.57, the lowest since January 2, 2019. West Texas Intermediate (WTI) futures fell by 65 cents, or 1.3 per cent, to $48.08 a barrel. It earlier fell to as low as $47.84, the lowest [&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-339300","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339300","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=339300"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339300\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}