{"id":360503,"date":"2020-07-01T11:02:57","date_gmt":"2020-07-01T05:32:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360503"},"modified":"2020-07-01T11:39:32","modified_gmt":"2020-07-01T06:09:32","slug":"crude-oil-prices-drop-on-prospect-of-returning-libyan-supplies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-drop-on-prospect-of-returning-libyan-supplies\/","title":{"rendered":"Crude oil prices drop on prospect of returning Libyan supplies"},"content":{"rendered":"<p>LONDON: Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle since the start of the year.<\/p>\n<p>The more-active September contract for Brent fell 22 cents, or 0.5 per cent, to $41.63 a barrel by 0832 GMT, paring Monday&#8217;s 92 cent gain. The August contract, which expires on Tuesday, fell 26 cents to $41.45.<\/p>\n<p>US crude was down 27 cents, or 0.7 per cent, at $39.43 a barrel. <\/p>\n<p>&#8220;Attempts to push prices higher are capped by growing concerns about the second cycle of the coronavirus or the inability to contain the current one,&#8221; Tamas Varga of oil brokerage PVM said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle since the start of the year. The more-active September contract for Brent fell 22 cents, or 0.5 per cent, to $41.63 a barrel by 0832 GMT, paring Monday&#8217;s 92 cent gain. The August contract, which expires on Tuesday, fell 26 cents to $41.45. US crude was down 27 cents, or 0.7 per cent, at $39.43 a barrel. &#8220;Attempts to push prices higher are capped by growing concerns about the second cycle of the coronavirus or [&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":[130,191,136],"tags":[],"class_list":["post-360503","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360503","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=360503"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360503\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}