{"id":349920,"date":"2020-05-06T12:01:17","date_gmt":"2020-05-06T06:31:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349920"},"modified":"2020-05-06T12:42:17","modified_gmt":"2020-05-06T07:12:17","slug":"oil-prices-fall-as-us-china-tensions-offset-coronavirus-hope","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-us-china-tensions-offset-coronavirus-hope\/","title":{"rendered":"Oil prices fall as US-China tensions offset coronavirus hope"},"content":{"rendered":"<p>Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns. <\/p>\n<p>Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April. <\/p>\n<p>US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel. <\/p>\n<p>Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US crude falling into negative territory last month for the first time. <\/p>\n<p>They started rallying strongly this week as countries from Europe to Asia ease curbs and economies start shuddering back to life.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns. Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April. US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel. Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US [&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-349920","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\/349920","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=349920"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349920\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}