{"id":372964,"date":"2020-09-10T10:12:09","date_gmt":"2020-09-10T04:42:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372964"},"modified":"2020-09-10T11:18:41","modified_gmt":"2020-09-10T05:48:41","slug":"oil-extends-decline-as-demand-worries-mount","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-decline-as-demand-worries-mount\/","title":{"rendered":"Oil extends decline as demand worries mount"},"content":{"rendered":"<p>Oil futures fell again on Wednesday after a sharp slide in the previous session, as a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand. <\/p>\n<p>Brent crude was down 19 cents, or 0.5%, at $39.59 a barrel by 0656 GMT after dropping more than 5% on Tuesday to fall below $40 a barrel for the first time since June.<\/p>\n<p>US crude was down 24 cents, or 0.7%, at $36.52 a barrel, having fallen nearly 8% in the previous session.<\/p>\n<p>Both major oil benchmarks are trading at around three-month lows. <\/p>\n<p>The global health crisis continues to flare unabated with coronavirus cases rising in India, Great Britain, Spain and several parts of the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures fell again on Wednesday after a sharp slide in the previous session, as a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand. Brent crude was down 19 cents, or 0.5%, at $39.59 a barrel by 0656 GMT after dropping more than 5% on Tuesday to fall below $40 a barrel for the first time since June. US crude was down 24 cents, or 0.7%, at $36.52 a barrel, having fallen nearly 8% in the previous session. Both major oil benchmarks are trading at around three-month lows. The global health crisis [&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-372964","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\/372964","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=372964"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372964\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}