{"id":365694,"date":"2020-07-31T10:32:35","date_gmt":"2020-07-31T05:02:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365694"},"modified":"2020-07-31T10:49:24","modified_gmt":"2020-07-31T05:19:24","slug":"oil-prices-slide-as-surge-in-covid-19-cases-weighs-on-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-as-surge-in-covid-19-cases-weighs-on-demand-outlook\/","title":{"rendered":"Oil prices slide as surge in Covid-19 cases weighs on demand outlook"},"content":{"rendered":"<p>Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output. <\/p>\n<p>The most-active Brent crude contract for October fell 58 cents, or 1.3 per cent, to $43.51 a barrel at 10.55 GMT. The September Brent contract, which is expiring on Friday, fell 57 cents to $43.18 a barrel. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel. <\/p>\n<p>Both benchmark contracts rose on Wednesday after the US Energy Information Administration (EIA) reported the largest one-week fall in crude stocks since December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output. The most-active Brent crude contract for October fell 58 cents, or 1.3 per cent, to $43.51 a barrel at 10.55 GMT. The September Brent contract, which is expiring on Friday, fell 57 cents to $43.18 a barrel. US West Texas Intermediate (WTI) crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel. Both benchmark contracts rose on Wednesday after the US Energy Information Administration (EIA) reported [&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-365694","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\/365694","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=365694"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365694\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}