{"id":355569,"date":"2020-06-04T11:41:10","date_gmt":"2020-06-04T06:11:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355569"},"modified":"2020-06-04T11:41:10","modified_gmt":"2020-06-04T06:11:10","slug":"brent-price-touches-40-per-barrel-mark-again-after-black-april","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-price-touches-40-per-barrel-mark-again-after-black-april\/","title":{"rendered":"Brent price touches $40 per barrel mark again after Black April"},"content":{"rendered":"<p>With the world slowly opening up for business, oil prices are up again after April\u2019s downward spiral, when demand almost vanished in a world under lockdown.<\/p>\n<p>The international benchmark Brent crude was trading at $38.94 per barrel on Wednesday, and West Texas Intermediate (WTI) was at $36.27 per barrel at the time of going to press. Brent crude hit a 21-year low and US oil futures slumped to negative for the first time as the glut overwhelmed the world\u2019s limited storage facilities, triggering a wave of selling by traders in April. The prices have been up, supported by a gradual recovery in fuel demand, as the global economy began to reopen.<\/p>\n<p>\u201cDated Brent Prices may find pockets of support in June in the range of $35-40\/bbl as supply shut-ins peak, demand recovers, and OPEC+ maintains discipline at their June 10 meeting,&#8221; S&amp;P Global Platts Analytics wrote in a report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the world slowly opening up for business, oil prices are up again after April\u2019s downward spiral, when demand almost vanished in a world under lockdown. The international benchmark Brent crude was trading at $38.94 per barrel on Wednesday, and West Texas Intermediate (WTI) was at $36.27 per barrel at the time of going to press. Brent crude hit a 21-year low and US oil futures slumped to negative for the first time as the glut overwhelmed the world\u2019s limited storage facilities, triggering a wave of selling by traders in April. The prices have been up, supported by a gradual [&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-355569","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\/355569","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=355569"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355569\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}