{"id":375311,"date":"2020-09-25T12:03:07","date_gmt":"2020-09-25T06:33:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=375311"},"modified":"2020-09-25T13:06:54","modified_gmt":"2020-09-25T07:36:54","slug":"oil-falls-on-fuel-demand-growth-concerns-as-covid-19-lingers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-fuel-demand-growth-concerns-as-covid-19-lingers\/","title":{"rendered":"Oil falls on fuel demand growth concerns as Covid-19 lingers"},"content":{"rendered":"<p>Oil futures fell on Thursday on concerns the economic recovery in the United States, the world\u2019s biggest oil consumer, is slowing as the coronavirus outbreak lingers and a resurgence in European cases led to new travel restrictions there.<\/p>\n<p>Those fears prompted a rally in the dollar as investors turned to safer assets, adding pressure to oil prices. A stronger dollar makes oil, priced in US dollars, less attractive to global buyers.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.9%, to $39.57 a barrel at 0217 GMT, while Brent crude futures fell 28 cents, or 0.7%, to $41.49 a barrel.<\/p>\n<p>Both benchmarks climbed slightly on Wednesday after government data showed US crude and fuel stockpiles dropped last week. Gasoline inventories fell more than expected, sliding by 4 million barrels, and distillate stockpiles, which include diesel and jet fuel, posted a surprise drawdown of 3.4 million barrels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures fell on Thursday on concerns the economic recovery in the United States, the world\u2019s biggest oil consumer, is slowing as the coronavirus outbreak lingers and a resurgence in European cases led to new travel restrictions there. Those fears prompted a rally in the dollar as investors turned to safer assets, adding pressure to oil prices. A stronger dollar makes oil, priced in US dollars, less attractive to global buyers. US West Texas Intermediate (WTI) crude futures fell 36 cents, or 0.9%, to $39.57 a barrel at 0217 GMT, while Brent crude futures fell 28 cents, or 0.7%, to [&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-375311","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\/375311","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=375311"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375311\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=375311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=375311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=375311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}