{"id":364845,"date":"2020-07-27T10:25:50","date_gmt":"2020-07-27T04:55:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364845"},"modified":"2020-07-27T11:00:23","modified_gmt":"2020-07-27T05:30:23","slug":"oil-slips-as-rising-coronavirus-cases-us-china-tensions-weigh-on-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-as-rising-coronavirus-cases-us-china-tensions-weigh-on-markets\/","title":{"rendered":"Oil slips as rising coronavirus cases, US-China tensions weigh on markets"},"content":{"rendered":"<p>SINGAPORE: Oil prices edged down on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.<\/p>\n<p>Brent crude dipped 10 cents, or 0.2 per cent, to $43.24 a barrel by 0041 GMT while U.S. West Texas Intermediate (WTI) crude was at $41.24 a barrel, down 5 cents.<\/p>\n<p>The fall in oil mirrored moves in broader financial markets in Asia amid concerns about escalating tensions between the world&#8217;s two biggest economies following the closure of embassies in Houston and Chengdu. Global coronavirus cases, meanwhile, exceeded 16 million. <\/p>\n<p>Still, Brent is on track for a fourth straight monthly gain in July while WTI is set to rise for a third month as unprecedented supply cuts from the Organization of the Petroleum Countries and its allies including Russia, as well as in the United States, propped up prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices edged down on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude dipped 10 cents, or 0.2 per cent, to $43.24 a barrel by 0041 GMT while U.S. West Texas Intermediate (WTI) crude was at $41.24 a barrel, down 5 cents. The fall in oil mirrored moves in broader financial markets in Asia amid concerns about escalating tensions between the world&#8217;s two biggest economies following the closure of embassies in Houston and Chengdu. Global coronavirus cases, meanwhile, exceeded 16 million. Still, Brent is on track for [&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-364845","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\/364845","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=364845"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364845\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}