{"id":363938,"date":"2020-07-21T10:47:36","date_gmt":"2020-07-21T05:17:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363938"},"modified":"2020-07-21T11:18:31","modified_gmt":"2020-07-21T05:48:31","slug":"oil-steady-as-virus-infections-rise-but-hopes-for-vaccine-lends-support","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-as-virus-infections-rise-but-hopes-for-vaccine-lends-support\/","title":{"rendered":"Oil steady as virus infections rise but hopes for vaccine lends support"},"content":{"rendered":"<p>NEW YORK: Oil prices were little changed on Monday as coronavirus cases increased in many countries, though cautious investor optimism about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses.<\/p>\n<p>Brent crude was down 6 cents, or 0.1%, at $43.08 per barrel by 11:34 a.m. ET (1534 GMT), while US West Texas Intermediate (WTI) was up 1 cent at $40.60.<\/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,&#8221; said Rystad Energy&#8217;s head of oil markets Bjornar Tonhaugen.<\/p>\n<p>&#8220;Even though in Europe the virus has been cornered, the Americas and some Asian states still have a long way to go.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices were little changed on Monday as coronavirus cases increased in many countries, though cautious investor optimism about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses. Brent crude was down 6 cents, or 0.1%, at $43.08 per barrel by 11:34 a.m. ET (1534 GMT), while US West Texas Intermediate (WTI) was up 1 cent at $40.60. &#8220;As things stand, prices are not likely to produce any sizeable gains very soon, until a signal that the pandemic slows down,&#8221; said Rystad Energy&#8217;s head of oil [&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":[130,191,136],"tags":[],"class_list":["post-363938","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\/363938","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=363938"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363938\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}