{"id":347036,"date":"2020-04-16T11:41:46","date_gmt":"2020-04-16T06:11:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347036"},"modified":"2020-04-16T12:32:29","modified_gmt":"2020-04-16T07:02:29","slug":"coronavirus-impact-crude-oil-nears-18-year-lows-on-demand-devastation-warning","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-impact-crude-oil-nears-18-year-lows-on-demand-devastation-warning\/","title":{"rendered":"Coronavirus Impact: Crude oil nears 18-year lows on demand devastation warning"},"content":{"rendered":"<p>Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a coronavirus-triggered demand shock overshadowed massive output cuts. <\/p>\n<p>US benchmark West Texas Intermediate rose nearly three percent to change hands at $20.44 per barrel after falling below $20 on Wednesday &#8212; its lowest price in 18 years. <\/p>\n<p>International benchmark Brent crude, which also suffered heavy losses a day earlier, rose two percent to trade at $28.31 a barrel. <\/p>\n<p>Prices have crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between OPEC cartel kingpin Saudi Arabia and non-OPEC rival Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil languished at multi-year lows Thursday, with WTI crude close to its weakest level since 2002, as dire warnings about a coronavirus-triggered demand shock overshadowed massive output cuts. US benchmark West Texas Intermediate rose nearly three percent to change hands at $20.44 per barrel after falling below $20 on Wednesday &#8212; its lowest price in 18 years. International benchmark Brent crude, which also suffered heavy losses a day earlier, rose two percent to trade at $28.31 a barrel. Prices have crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price [&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":[146,130,177],"tags":[],"class_list":["post-347036","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347036","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=347036"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347036\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}