{"id":339463,"date":"2020-02-28T11:26:33","date_gmt":"2020-02-28T05:56:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339463"},"modified":"2020-02-28T11:55:13","modified_gmt":"2020-02-28T06:25:13","slug":"oil-prices-fall-again-on-track-for-biggest-weekly-drop-in-over-4-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-again-on-track-for-biggest-weekly-drop-in-over-4-years\/","title":{"rendered":"Oil prices fall again, on track for biggest weekly drop in over 4 years"},"content":{"rendered":"<p>Oil prices fell for a sixth straight session on Friday and were on track for about a 12 per cent weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand. The virus, which has killed more than 2,700 people in China, has been found in another 46 countries and caused 57 deaths. Investors worry the epidemic could turn into a pandemic and deliver a damaging blow to the global economy.<\/p>\n<p>The most active Brent crude contract for May was down 90 cents, or 1.7 per cent, at $50.83 a barrel by 0141 GMT, a 14-month low. The front-month April contract expires today. The international benchmark, which fell about 2 per cent on Thursday, has shed around 12 per cent this week and is on track for its steepest weekly decline since mid-January 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for a sixth straight session on Friday and were on track for about a 12 per cent weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand. The virus, which has killed more than 2,700 people in China, has been found in another 46 countries and caused 57 deaths. Investors worry the epidemic could turn into a pandemic and deliver a damaging blow to the global economy. The most active Brent crude contract for May was down 90 cents, or 1.7 per cent, at [&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-339463","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339463","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=339463"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339463\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}