{"id":363867,"date":"2020-07-21T10:06:21","date_gmt":"2020-07-21T04:36:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363867"},"modified":"2020-07-21T10:22:56","modified_gmt":"2020-07-21T04:52:56","slug":"oil-falls-as-virus-infections-rise-eyes-on-european-union-recovery-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-virus-infections-rise-eyes-on-european-union-recovery-plan\/","title":{"rendered":"Oil falls as virus infections rise, eyes on European Union recovery plan"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell on Monday as coronavirus cases increased in many countries across the globe, but investors remained cautiously optimistic about ongoing talks over a European Union-wide recovery fund to revive economies affected by the pandemic. <\/p>\n<p>Brent crude was down 19 cents, or 0.4%, at $42.95 a barrel by 0845 GMT, and U.S. oil slipped 19 cents, or 0.5%, to $40.40 a barrel. <\/p>\n<p>&#8220;As things stand, prices are not likely to produce any sizeable gains very soon, until a signal that the pandemic slows down. And even though in Europe the virus has been cornered, the Americas and some Asian states have still a long way to go,&#8221; said Rystad Energy&#8217;s head of oil markets Bjornar Tonhaugen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell on Monday as coronavirus cases increased in many countries across the globe, but investors remained cautiously optimistic about ongoing talks over a European Union-wide recovery fund to revive economies affected by the pandemic. Brent crude was down 19 cents, or 0.4%, at $42.95 a barrel by 0845 GMT, and U.S. oil slipped 19 cents, or 0.5%, to $40.40 a barrel. &#8220;As things stand, prices are not likely to produce any sizeable gains very soon, until a signal that the pandemic slows down. And even though in Europe the virus has been cornered, the Americas [&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-363867","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\/363867","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=363867"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363867\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}