{"id":351068,"date":"2020-05-13T11:08:44","date_gmt":"2020-05-13T05:38:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351068"},"modified":"2020-05-13T11:31:49","modified_gmt":"2020-05-13T06:01:49","slug":"oil-falls-on-second-wave-outbreak-fears-rise-in-us-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-second-wave-outbreak-fears-rise-in-us-inventories\/","title":{"rendered":"Oil falls on second wave outbreak fears, rise in US inventories"},"content":{"rendered":"<p>Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in US crude inventories.<\/p>\n<p>The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after OPEC&#8217;s biggest producer said earlier this week it planned to add to cut output again.<\/p>\n<p>Brent crude was down 58 cents, or 1.9 per cent, at $29.40 by 0221 GMT, having risen 1.2 per cent on Tuesday. US crude was down 39 cents, or 1.5 per cent, at $25.39 a barrel, after jumping nearly 7 per cent in the previous session.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in US crude inventories. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after OPEC&#8217;s biggest producer said earlier this week it planned to add to cut output again. Brent crude was down 58 cents, or 1.9 per cent, at $29.40 by 0221 GMT, having risen 1.2 per cent on Tuesday. US crude was down 39 cents, or 1.5 per [&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":[130],"tags":[],"class_list":["post-351068","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351068","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=351068"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351068\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}