{"id":361633,"date":"2020-07-07T11:20:36","date_gmt":"2020-07-07T05:50:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361633"},"modified":"2020-07-07T11:20:36","modified_gmt":"2020-07-07T05:50:36","slug":"oil-mixed-on-tighter-supply-surge-in-us-virus-cases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-mixed-on-tighter-supply-surge-in-us-virus-cases\/","title":{"rendered":"Oil mixed on tighter supply, surge in US virus cases"},"content":{"rendered":"<p>LONDON: Oil prices were mixed on Monday, with Brent crude edging higher on tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb fuel demand in the United States.<\/p>\n<p>Brent crude was up 6 cents, or 0.1%, at $42.86 per barrel by 1340 GMT. U.S. West Texas Intermediate (WTI) crude was down 40 cents, or 1%, at $40.25.<\/p>\n<p>&#8220;We believe that oil market participants are focusing on the current demand trends but are still ignoring the long-term implications of the corona pandemic,&#8221; Commerzbank analyst Eugen Weinberg said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices were mixed on Monday, with Brent crude edging higher on tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb fuel demand in the United States. Brent crude was up 6 cents, or 0.1%, at $42.86 per barrel by 1340 GMT. U.S. West Texas Intermediate (WTI) crude was down 40 cents, or 1%, at $40.25. &#8220;We believe that oil market participants are focusing on the current demand trends but are still ignoring the long-term implications of the corona pandemic,&#8221; Commerzbank analyst Eugen Weinberg said.<\/p>\n","protected":false},"author":39,"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-361633","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\/361633","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361633"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361633\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}