{"id":341817,"date":"2020-03-13T11:38:49","date_gmt":"2020-03-13T06:08:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341817"},"modified":"2020-03-13T12:13:40","modified_gmt":"2020-03-13T06:43:40","slug":"oil-slumps-as-us-bans-travel-from-europe-over-pandemic","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slumps-as-us-bans-travel-from-europe-over-pandemic\/","title":{"rendered":"Oil slumps as US bans travel from Europe over pandemic"},"content":{"rendered":"<p>Oil prices sank again on Thursday along with the broader market after the United States banned travel from Europe following a World Health Organization delaration that the coronavirus outbreak is now a pandemic.<\/p>\n<p>Market worries were compounded by the threat of a flood of cheap supply as Saudi Arabia promised to raise oil output to a record high in its standoff with Russia.<\/p>\n<p>Brent crude was trading down $1.91, or 5.3 per cent, at $33.88 by around 0339 GMT, slightly above earlier lows. The contract fell nearly 4 per cent on Thursday. US crude was down $1.74, or 5.3 per cent, at $31.24 after dropping 4 per cent in the previous session. Oil is down around 50 per cent from highs reached in January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices sank again on Thursday along with the broader market after the United States banned travel from Europe following a World Health Organization delaration that the coronavirus outbreak is now a pandemic. Market worries were compounded by the threat of a flood of cheap supply as Saudi Arabia promised to raise oil output to a record high in its standoff with Russia. Brent crude was trading down $1.91, or 5.3 per cent, at $33.88 by around 0339 GMT, slightly above earlier lows. The contract fell nearly 4 per cent on Thursday. US crude was down $1.74, or 5.3 per [&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-341817","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341817","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=341817"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341817\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}