{"id":343866,"date":"2020-03-28T09:40:45","date_gmt":"2020-03-28T04:10:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=343866"},"modified":"2020-03-28T09:52:20","modified_gmt":"2020-03-28T04:22:20","slug":"coronavirus-impact-brent-crude-dives-over-7-to-lowest-since-2003","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-impact-brent-crude-dives-over-7-to-lowest-since-2003\/","title":{"rendered":"Coronavirus impact: Brent crude dives over 7% to lowest since 2003"},"content":{"rendered":"<p>Oil prices slumped anew on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as the coronavirus crisis paralyses global demand. <\/p>\n<p>Around 1435 GMT, Brent for May delivery was down 7.33 percent from Thursday, at USD 24.41 a barrel. West Texas Intermediate fell 5.97 percent to USD 21.25. <\/p>\n<p>Oil has tanked in recent weeks on the back of collapsing demand, as COVID-19 slams the brakes on economic activity and the world&#8217;s appetite for energy. Crude futures spiralled even lower this month after a fierce price war erupted between Riyadh and Moscow. <\/p>\n<p>&#8220;The coronavirus pandemic is reducing oil demand,&#8221; wrote analysts at the Wood Mackenzie research consultancy in a note to clients.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slumped anew on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as the coronavirus crisis paralyses global demand. Around 1435 GMT, Brent for May delivery was down 7.33 percent from Thursday, at USD 24.41 a barrel. West Texas Intermediate fell 5.97 percent to USD 21.25. Oil has tanked in recent weeks on the back of collapsing demand, as COVID-19 slams the brakes on economic activity and the world&#8217;s appetite for energy. Crude futures spiralled even lower this month after a fierce price war erupted between Riyadh and Moscow. &#8220;The coronavirus pandemic is [&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":[135,130,169],"tags":[],"class_list":["post-343866","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343866","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=343866"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343866\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}