{"id":353426,"date":"2020-05-27T10:28:20","date_gmt":"2020-05-27T04:58:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=353426"},"modified":"2020-05-27T10:38:56","modified_gmt":"2020-05-27T05:08:56","slug":"oil-falls-on-demand-concerns-us-china-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-demand-concerns-us-china-tensions\/","title":{"rendered":"Oil falls on demand concerns, US-China tensions"},"content":{"rendered":"<p>Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with US-China tensions adding to pressure.<\/p>\n<p>Brent crude futures fell 40 cents, or 0.7 per cent, to $35.77 by 0009 GMT, after falling 1.8 per cent on Tuesday. US West Texas Intermediate (WTI) crude futures were down 49 cents, or 1.2 per cent, at $33.95 a barrel, having risen 3.3 per cent the previous session.<\/p>\n<p>The Organisation of the Petroleum Exporting Countries and producers including Russia, a grouping referred to as OPEC+, are cutting their output by almost 10 million barrels per day in May-June to buttress prices as the coronavirus pandemic quarantines have slashed fuel demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling coronavirus cases, with US-China tensions adding to pressure. Brent crude futures fell 40 cents, or 0.7 per cent, to $35.77 by 0009 GMT, after falling 1.8 per cent on Tuesday. US West Texas Intermediate (WTI) crude futures were down 49 cents, or 1.2 per cent, at $33.95 a barrel, having risen 3.3 per cent the previous session. The Organisation of the Petroleum Exporting Countries and producers including Russia, a grouping referred to as OPEC+, are cutting their [&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-353426","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353426","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=353426"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353426\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=353426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=353426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=353426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}