{"id":364730,"date":"2020-07-25T11:26:57","date_gmt":"2020-07-25T05:56:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364730"},"modified":"2020-07-25T12:06:45","modified_gmt":"2020-07-25T06:36:45","slug":"oil-prices-turn-negative-on-us-china-tensions-corona-cases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-turn-negative-on-us-china-tensions-corona-cases\/","title":{"rendered":"Oil prices turn negative on US-China tensions, corona cases"},"content":{"rendered":"<p>Oil prices slipped on Friday, shrugging off a weaker US dollar, as tensions between the United States and China rose against a backdrop of rising coronavirus cases. <\/p>\n<p>Brent crude fell 25 cents to $43.06 a barrel by 0713 GMT, and US West Texas Intermediate (WTI) crude eased 28 cents to $40.79. <\/p>\n<p>China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a US demand this week that China close its Houston consulate, as relations between the world\u2019s two largest economies deteriorate. <\/p>\n<p>The dollar slid to 22-month lows against a basket of currencies.<\/p>\n<p>A weaker dollar usually spurs buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Friday, shrugging off a weaker US dollar, as tensions between the United States and China rose against a backdrop of rising coronavirus cases. Brent crude fell 25 cents to $43.06 a barrel by 0713 GMT, and US West Texas Intermediate (WTI) crude eased 28 cents to $40.79. China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a US demand this week that China close its Houston consulate, as relations between the world\u2019s two largest economies deteriorate. The dollar slid to 22-month lows against a basket of currencies. [&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],"tags":[],"class_list":["post-364730","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364730","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=364730"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364730\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}