{"id":360305,"date":"2020-06-30T11:01:48","date_gmt":"2020-06-30T05:31:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360305"},"modified":"2020-06-30T11:41:26","modified_gmt":"2020-06-30T06:11:26","slug":"oil-prices-slip-as-weak-japan-data-exposes-market-jitters-over-fragile-demand-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-as-weak-japan-data-exposes-market-jitters-over-fragile-demand-2\/","title":{"rendered":"Oil prices slip as weak Japan data exposes market jitters over fragile demand"},"content":{"rendered":"<p>Oil prices fell in early trade on Tuesday after weak Japanese industrial production data, not usually a market-moving factor, was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures briefly traded higher then fell 38 cents, or 1%, to $39.32 a barrel by 0038 GMT, after climbing 3% on Monday.<\/p>\n<p>Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday&#8217;s 69 cent gain. There were no early trades on the August contract, which expires on Tuesday.<\/p>\n<p>&#8220;Japanese industrial production data released this morning may take the gloss off the overnight moves,&#8221; CMC Markets strategist Michael McCarthy said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in early trade on Tuesday after weak Japanese industrial production data, not usually a market-moving factor, was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease. U.S. West Texas Intermediate (WTI) crude futures briefly traded higher then fell 38 cents, or 1%, to $39.32 a barrel by 0038 GMT, after climbing 3% on Monday. Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday&#8217;s 69 cent gain. There were no early trades on the August contract, which expires on Tuesday. &#8220;Japanese industrial production [&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":[139,130,187],"tags":[],"class_list":["post-360305","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\/360305","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=360305"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360305\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}