{"id":371995,"date":"2020-09-05T09:19:29","date_gmt":"2020-09-05T03:49:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371995"},"modified":"2020-09-05T09:54:50","modified_gmt":"2020-09-05T04:24:50","slug":"oil-falls-3-posts-weekly-drop-on-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-3-posts-weekly-drop-on-demand-concerns\/","title":{"rendered":"Oil falls 3%, posts weekly drop on demand concerns"},"content":{"rendered":"<p>Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the Covid-19 pandemic compounded worries about weak oil demand. <\/p>\n<p>Brent crude, the international benchmark, fell $1.41, or 3.2%, to settle at $42.66 a barrel. US West Texas Intermediate (WTI) fell $1.6, or 3.9%, to settle at $39.77 a barrel. <\/p>\n<p>Brent fell 5.3% from last week, while WTI lost 7.4%. <\/p>\n<p>Prices were pressured by extended declines in the US equities market and by a report showing USjob growth slowed further in August as financial assistance from the government ran out. <\/p>\n<p>Nonfarm payrolls increased by 1.37 million jobs last month, though employment remained 11.5 million below its pre-pandemic level and the jobless rate was 4.9 percentage points higher than in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the Covid-19 pandemic compounded worries about weak oil demand. Brent crude, the international benchmark, fell $1.41, or 3.2%, to settle at $42.66 a barrel. US West Texas Intermediate (WTI) fell $1.6, or 3.9%, to settle at $39.77 a barrel. Brent fell 5.3% from last week, while WTI lost 7.4%. Prices were pressured by extended declines in the US equities market and by a report showing USjob growth slowed further in August as financial assistance from the [&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":[146,130,177],"tags":[],"class_list":["post-371995","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371995","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=371995"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371995\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}