{"id":360343,"date":"2020-06-30T11:55:04","date_gmt":"2020-06-30T06:25:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360343"},"modified":"2020-06-30T12:29:13","modified_gmt":"2020-06-30T06:59:13","slug":"update-1-oil-prices-slip-on-demand-worries-prospect-of-libyan-supply-return","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/update-1-oil-prices-slip-on-demand-worries-prospect-of-libyan-supply-return\/","title":{"rendered":"UPDATE 1-Oil prices slip on demand worries, prospect of Libyan supply return"},"content":{"rendered":"<p>Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya&#8217;s state oil company flagging progress on talks to resume exports. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell as much as 44 cents, but recovered slightly after stronger-than-expected Chinese factory data. By 0201 GMT they were trading down 26 cents, or 0.7%, at $39.44 a barrel, having jumped 3% on Monday.<\/p>\n<p>Brent crude futures for September fell 17 cents, or 0.2%, to $41.68 a barrel, paring Monday&#8217;s 92-cent gain. The less active August contract, which expires on Tuesday, fell 25 cents after gaining 69 cents on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya&#8217;s state oil company flagging progress on talks to resume exports. US West Texas Intermediate (WTI) crude futures fell as much as 44 cents, but recovered slightly after stronger-than-expected Chinese factory data. By 0201 GMT they were trading down 26 cents, or 0.7%, at $39.44 a barrel, having jumped 3% on Monday. Brent crude futures for September fell 17 cents, or 0.2%, to $41.68 a barrel, paring Monday&#8217;s 92-cent gain. The less active August [&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":[146,130,177],"tags":[],"class_list":["post-360343","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360343","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=360343"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360343\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}