{"id":362023,"date":"2020-07-09T11:16:40","date_gmt":"2020-07-09T05:46:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362023"},"modified":"2020-07-09T11:16:40","modified_gmt":"2020-07-09T05:46:40","slug":"oil-prices-idle-as-coronavirus-spike-fears-offset-signs-of-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-idle-as-coronavirus-spike-fears-offset-signs-of-recovery\/","title":{"rendered":"Oil prices idle as coronavirus spike fears offset signs of recovery"},"content":{"rendered":"<p>Oil prices barely moved in early trade on Thursday as positive momentum from signs of a recovery in U.S. gasoline demand was tempered by concerns about renewed lockdowns with COVID-19 infections surging in the United States.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were unchanged at $40.90 a barrel at 0035 GMT, after rising 0.7% on Wednesday.<\/p>\n<p>Brent crude futures inched up 3 cents to $43.32, after gaining 0.5% on Wednesday.<\/p>\n<p>&#8220;The market&#8217;s struggling to get strong conviction to the upside at the current point in time,&#8221; said Lachlan Shaw, head of commodity research at National Australia Bank. &#8220;There&#8217;s mixed evidence on demand.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices barely moved in early trade on Thursday as positive momentum from signs of a recovery in U.S. gasoline demand was tempered by concerns about renewed lockdowns with COVID-19 infections surging in the United States. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $40.90 a barrel at 0035 GMT, after rising 0.7% on Wednesday. Brent crude futures inched up 3 cents to $43.32, after gaining 0.5% on Wednesday. &#8220;The market&#8217;s struggling to get strong conviction to the upside at the current point in time,&#8221; said Lachlan Shaw, head of commodity research at National Australia Bank. &#8220;There&#8217;s mixed [&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-362023","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\/362023","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=362023"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362023\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}