{"id":351115,"date":"2020-05-13T11:51:58","date_gmt":"2020-05-13T06:21:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351115"},"modified":"2020-05-13T12:15:16","modified_gmt":"2020-05-13T06:45:16","slug":"oil-falls-amid-concerns-about-new-viral-outbreaks-rise-in-inventories-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-amid-concerns-about-new-viral-outbreaks-rise-in-inventories-2\/","title":{"rendered":"Oil falls amid concerns about new viral outbreaks, rise in inventories"},"content":{"rendered":"<p>Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave of the coronavirus pandemic in countries easing lockdowns. <\/p>\n<p>Traders shrugged off 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 again. <\/p>\n<p>Brent crude was down 49 cents, or 1.6%, at $29.49 by 0034 GMT, having risen 1.2% on Tuesday. U.S. crude was down 41 cents, or 1.6%, at $25.37 a barrel, after jumping nearly 7% in the previous session.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave of the coronavirus pandemic in countries easing lockdowns. Traders shrugged off 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 again. Brent crude was down 49 cents, or 1.6%, at $29.49 by 0034 GMT, having risen 1.2% on Tuesday. U.S. crude was down 41 cents, or 1.6%, at $25.37 [&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-351115","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\/351115","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=351115"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351115\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}