{"id":363895,"date":"2020-07-21T10:49:36","date_gmt":"2020-07-21T05:19:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363895"},"modified":"2020-07-21T10:49:36","modified_gmt":"2020-07-21T05:19:36","slug":"oil-falls-as-virus-infections-rise-eyes-on-eu-recovery-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-virus-infections-rise-eyes-on-eu-recovery-plan\/","title":{"rendered":"Oil falls as virus infections rise, eyes on EU recovery plan"},"content":{"rendered":"<p>LONDON : 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 24 cents, or 0.6%, at $42.90 per barrel by 0943 GMT while U.S. West Texas Intermediate (WTI) slipped 23 cents, or 0.6%, to $40.36.<\/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\u2019s head of oil markets Bjornar Tonhaugen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON : 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 24 cents, or 0.6%, at $42.90 per barrel by 0943 GMT while U.S. West Texas Intermediate (WTI) slipped 23 cents, or 0.6%, to $40.36. &#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":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-363895","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\/363895","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=363895"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363895\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}