{"id":371065,"date":"2020-09-01T11:56:27","date_gmt":"2020-09-01T06:26:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371065"},"modified":"2020-09-01T11:56:27","modified_gmt":"2020-09-01T06:26:27","slug":"oil-prices-rise-on-falling-us-dollar-amid-covid-19-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-falling-us-dollar-amid-covid-19-crisis\/","title":{"rendered":"Oil prices rise on falling US dollar amid Covid-19 crisis"},"content":{"rendered":"<p>Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven US dollar which tumbled to multi-year lows.<\/p>\n<p>Brent crude futures climbed 49 cents, or 1.1%, to $45.77 a barrel at 0406 GMT. US West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.9%, to $42.98 a barrel.<\/p>\n<p>Both benchmark contracts fell around 1% on Monday on worries about oil oversupply, with global demand stuck below pre-Covid levels.<\/p>\n<p>The dollar was last down 0.04% at 92.146 against a basket of currencies, after hitting its lowest since May 2018 in the wake of the US Federal Reserve\u2019s policy shift on inflation announced last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven US dollar which tumbled to multi-year lows. Brent crude futures climbed 49 cents, or 1.1%, to $45.77 a barrel at 0406 GMT. US West Texas Intermediate (WTI) crude futures rose 37 cents, or 0.9%, to $42.98 a barrel. Both benchmark contracts fell around 1% on Monday on worries about oil oversupply, with global demand stuck below pre-Covid levels. The dollar was last down 0.04% at 92.146 against a basket of currencies, after hitting its lowest since May 2018 in the wake [&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":[141,130,183],"tags":[],"class_list":["post-371065","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371065","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=371065"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371065\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}