{"id":361136,"date":"2020-07-04T10:26:19","date_gmt":"2020-07-04T04:56:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361136"},"modified":"2020-07-04T10:26:19","modified_gmt":"2020-07-04T04:56:19","slug":"oil-falls-below-43-on-virus-fears-still-heads-for-weekly-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-below-43-on-virus-fears-still-heads-for-weekly-gain\/","title":{"rendered":"Oil falls below $43 on virus fears, still heads for weekly gain"},"content":{"rendered":"<p>Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery.<\/p>\n<p>The United States reported more than 55,000 new coronavirus cases on Thursday, a new daily global record for the pandemic. The rise in cases suggested U.S. jobs growth, which jumped in June, could suffer a setback.<\/p>\n<p>&#8220;If this trend continues, oil demand in the region is at risk,&#8221; said Louise Dickson of Rystad Energy.<\/p>\n<p>Brent crude was down 51 cents, or 1.2%, at $42.63 a barrel by 0923 GMT, and U.S. West Texas Intermediate (WTI) crude fell 56 cents, or 1.4%, to $40.09.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery. The United States reported more than 55,000 new coronavirus cases on Thursday, a new daily global record for the pandemic. The rise in cases suggested U.S. jobs growth, which jumped in June, could suffer a setback. &#8220;If this trend continues, oil demand in the region is at risk,&#8221; said Louise Dickson of Rystad Energy. Brent crude was down 51 cents, [&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-361136","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\/361136","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=361136"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361136\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}