{"id":347234,"date":"2020-04-18T09:57:46","date_gmt":"2020-04-18T04:27:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347234"},"modified":"2020-04-18T10:10:55","modified_gmt":"2020-04-18T04:40:55","slug":"crude-oil-sheds-over-7-on-global-cues-bullion-take-a-beating-too","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-sheds-over-7-on-global-cues-bullion-take-a-beating-too\/","title":{"rendered":"Crude oil sheds over 7% on global cues, bullion take a beating too"},"content":{"rendered":"<p>Gold and silver futures declined by over 3 per cent each on profit-taking, with crude oil falling by over 7 per cent on the Multi Commodity Exchange of India (MCX) on Friday. <\/p>\n<p>The decline in crude oil was sharper because the MCX cru\u00adde contract is based on West Texas Interme\u00addiate (WTI) prices, whi\u00adch fell sharply compa\u00adred to the Brent. While WTI is the ben\u00adch\u00admark for the US, Brent Crude is the Opec members\u2019 domain. <\/p>\n<p>WTI oil was quoting at a 21-year low, at aro\u00adu\u00adnd $18 per barrel. Bre\u00adnt is still at $28, but the decline was sharper. <\/p>\n<p>Gold futures for delivery in June declined by 3.09 per cent to Rs 45,796\/10g on the MCX. Following suit, silver futures for delivery in May plunged by 3.3 per cent to Rs 42,794\/kg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold and silver futures declined by over 3 per cent each on profit-taking, with crude oil falling by over 7 per cent on the Multi Commodity Exchange of India (MCX) on Friday. The decline in crude oil was sharper because the MCX cru\u00adde contract is based on West Texas Interme\u00addiate (WTI) prices, whi\u00adch fell sharply compa\u00adred to the Brent. While WTI is the ben\u00adch\u00admark for the US, Brent Crude is the Opec members\u2019 domain. WTI oil was quoting at a 21-year low, at aro\u00adu\u00adnd $18 per barrel. Bre\u00adnt is still at $28, but the decline was sharper. Gold futures for [&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-347234","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\/347234","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=347234"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347234\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}