{"id":376001,"date":"2020-09-30T08:59:37","date_gmt":"2020-09-30T03:29:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376001"},"modified":"2020-09-30T09:37:03","modified_gmt":"2020-09-30T04:07:03","slug":"oil-falls-as-demand-worries-counter-us-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-demand-worries-counter-us-stimulus-hopes\/","title":{"rendered":"Oil falls as demand worries counter US stimulus hopes"},"content":{"rendered":"<p>Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new US stimulus package. <\/p>\n<p>More than 1 million people have died of Covid-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging in several countries.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures dropped 22 cents, or 0.5 per cent, to $40.38 at 0438 GMT.<\/p>\n<p>The more-active Brent crude futures for December fell 19 cents, or 0.4 per cent, to $42.68 a barrel. The November contract, which expires on Wednesday, fell 17 cents to $42.26 per barrel. <\/p>\n<p>Commodities markets crept up earlier in the day as Democratic lawmakers unveiled a new $2.2 trillion coronavirus relief bill, which US House of Representatives Speaker Nancy Pelosi said was a compromise measure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new US stimulus package. More than 1 million people have died of Covid-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging in several countries. US West Texas Intermediate (WTI) crude futures dropped 22 cents, or 0.5 per cent, to $40.38 at 0438 GMT. The more-active Brent crude futures for December fell 19 cents, or 0.4 per cent, to $42.68 a barrel. The November contract, which expires on Wednesday, fell 17 cents to [&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-376001","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\/376001","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=376001"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376001\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}