{"id":348778,"date":"2020-04-29T12:52:23","date_gmt":"2020-04-29T07:22:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348778"},"modified":"2020-04-29T12:52:23","modified_gmt":"2020-04-29T07:22:23","slug":"oil-rebounds-but-gains-capped-by-virus-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rebounds-but-gains-capped-by-virus-worries\/","title":{"rendered":"Oil rebounds, but gains capped by virus worries"},"content":{"rendered":"<p>Oil prices rebounded Wednesday but gains were capped due to concerns about a collapse in demand due to the coronavirus pandemic and storage capacity running low.<\/p>\n<p>US benchmark West Texas Intermediate (WTI) for June delivery was up 8.35 percent at $13.37 a barrel in early Asian trade.<\/p>\n<p>It had plunged by more than 21 percent at one point Tuesday after a major US exchange-traded fund (ETF) started selling its short-term contracts of the commodity.<\/p>\n<p>Brent crude, the international benchmark, was trading 1.81 percent higher at $20.83 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded Wednesday but gains were capped due to concerns about a collapse in demand due to the coronavirus pandemic and storage capacity running low. US benchmark West Texas Intermediate (WTI) for June delivery was up 8.35 percent at $13.37 a barrel in early Asian trade. It had plunged by more than 21 percent at one point Tuesday after a major US exchange-traded fund (ETF) started selling its short-term contracts of the commodity. Brent crude, the international benchmark, was trading 1.81 percent higher at $20.83 a barrel.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-348778","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348778","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348778"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348778\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}