{"id":351237,"date":"2020-05-14T11:04:43","date_gmt":"2020-05-14T05:34:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351237"},"modified":"2020-05-14T11:40:11","modified_gmt":"2020-05-14T06:10:11","slug":"oil-falls-as-fears-of-second-coronavirus-wave-take-hold-us-stockpiles-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-fears-of-second-coronavirus-wave-take-hold-us-stockpiles-rise\/","title":{"rendered":"Oil falls as fears of second coronavirus wave take hold, US stockpiles rise"},"content":{"rendered":"<p>Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed US crude inventories are still rising. <\/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 the Organization of the Petroleum Export Countries&#8217; (OPEC) biggest producer said earlier this week it planned to add to output cuts again. <\/p>\n<p>Brent crude dropped 40 cents, or 1.3 per cent, to $29.58 a barrel by 0658 GMT, having risen 1.2 per cent on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed US crude inventories are still rising. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after the Organization of the Petroleum Export Countries&#8217; (OPEC) biggest producer said earlier this week it planned to add to output cuts again. Brent crude dropped 40 cents, or 1.3 per cent, to $29.58 a barrel by 0658 GMT, having risen 1.2 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-351237","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351237","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=351237"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351237\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}