{"id":342811,"date":"2020-03-20T12:36:39","date_gmt":"2020-03-20T07:06:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342811"},"modified":"2020-03-20T13:10:51","modified_gmt":"2020-03-20T07:40:51","slug":"coronavirus-outbreak-crude-oil-prices-hits-new-lows","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-outbreak-crude-oil-prices-hits-new-lows\/","title":{"rendered":"Coronavirus outbreak: Crude oil prices hits new lows"},"content":{"rendered":"<p>Oil prices fell for the third session on Wednesday with US crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus knocked the outlook for demand. <\/p>\n<p>US crude was down $1.51 cents, or 5.6 per cent, at $25.44 per barrel by 1135 GMT, having earlier fallen to $25.06, its lowest since late April 2003. <\/p>\n<p>The last time oil was trading that low, the United States had invaded Iraq and China had only begun its rise as a major global economic power that propelled the world\u2019s oil consumption to record highs in subsequent years. <\/p>\n<p>Brent crude was trading down 95 cents, or 3.31 per cent, at $27.78 a barrel, after dropping to $27.56, its lowest since early 2016. Global oil, gas producers slash spending after crude price rout. \u201cThe oil demand collapse from the spreading coronavirus looks increasingly sharp,\u201d Goldman Sachs said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for the third session on Wednesday with US crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus knocked the outlook for demand. US crude was down $1.51 cents, or 5.6 per cent, at $25.44 per barrel by 1135 GMT, having earlier fallen to $25.06, its lowest since late April 2003. The last time oil was trading that low, the United States had invaded Iraq and China had only begun its rise as a major global economic power that propelled the world\u2019s oil consumption to record highs in subsequent years. Brent [&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":[130,215,148],"tags":[],"class_list":["post-342811","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342811","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=342811"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342811\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}