{"id":363631,"date":"2020-07-20T10:12:20","date_gmt":"2020-07-20T04:42:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363631"},"modified":"2020-07-20T10:32:47","modified_gmt":"2020-07-20T05:02:47","slug":"oil-prices-slip-as-worsening-covid-19-threatens-recovery-in-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-as-worsening-covid-19-threatens-recovery-in-fuel-demand\/","title":{"rendered":"Oil prices slip as worsening Covid-19 threatens recovery in fuel demand"},"content":{"rendered":"<p>Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. <\/p>\n<p>Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S. oil was off by 6 cents, or 0.2%, at $40.53 a barrel, after gaining 4 cents last week. <\/p>\n<p>&#8220;With global daily Covid-19 case counts still rising and the U.S. Sunbelt most populous states showing little success in bending and containing the (epidemic&#8217;s) curve, concerns about the post-Covid recovery pace are limiting the upside for oil,&#8221; said Stephen Innes, chief global markets strategist at Axicorp. <\/p>\n<p>More than 14 million people have been infected by the novel coronavirus globally and nearly 602,000 have died, according to a Reuters tally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S. oil was off by 6 cents, or 0.2%, at $40.53 a barrel, after gaining 4 cents last week. &#8220;With global daily Covid-19 case counts still rising and the U.S. Sunbelt most populous states showing little success in bending and containing the (epidemic&#8217;s) curve, concerns about the post-Covid recovery pace are limiting the upside [&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":[135,130,169],"tags":[],"class_list":["post-363631","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363631","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=363631"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363631\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}