{"id":351134,"date":"2020-05-13T12:33:36","date_gmt":"2020-05-13T07:03:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351134"},"modified":"2020-05-13T12:33:36","modified_gmt":"2020-05-13T07:03:36","slug":"oil-slips-from-five-week-high-while-us-debates-lockdown-exit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-from-five-week-high-while-us-debates-lockdown-exit\/","title":{"rendered":"Oil slips from five-week high while US debates lockdown exit"},"content":{"rendered":"<p>Oil retreated from a five-week high on concern that relaxing virus lockdowns too early will lead to a resurgence in cases and derail a nascent recovery in energy demand.<\/p>\n<p>Futures in New York followed equities lower, dropping about 2% from the highest settlement since early April. Anthony Fauci, America\u2019s top infectious disease official, said U.S. states reopening too quickly could derail an economic recovery. China\u2019s return from restrictions suffered a setback after new cases emerged in Wuhan &#8212; the epicenter of the outbreak &#8212; prompting an order for the entire population of 11 million to be tested.<\/p>\n<p>A fresh wave of virus cases would threaten a fragile recovery. U.S. Energy Secretary Dan Brouillette said the country\u2019s battered oil industry was on its way back, while the American Petroleum Institute reported a drop in stockpiles at the storage hub of Cushing, which could be the first decline since February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil retreated from a five-week high on concern that relaxing virus lockdowns too early will lead to a resurgence in cases and derail a nascent recovery in energy demand. Futures in New York followed equities lower, dropping about 2% from the highest settlement since early April. Anthony Fauci, America\u2019s top infectious disease official, said U.S. states reopening too quickly could derail an economic recovery. China\u2019s return from restrictions suffered a setback after new cases emerged in Wuhan &#8212; the epicenter of the outbreak &#8212; prompting an order for the entire population of 11 million to be tested. A fresh wave [&hellip;]<\/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-351134","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\/351134","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=351134"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351134\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}