{"id":376207,"date":"2020-10-01T09:19:33","date_gmt":"2020-10-01T03:49:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376207"},"modified":"2020-10-01T09:43:49","modified_gmt":"2020-10-01T04:13:49","slug":"oil-falls-on-worries-that-covid-19-surge-will-curb-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-worries-that-covid-19-surge-will-curb-demand\/","title":{"rendered":"Oil falls on worries that Covid-19 surge will curb demand"},"content":{"rendered":"<p>Oil prices fell for a second day on Wednesday, extending large losses from the previous as rising coronavirus cases heading into the northern winter prompted concerns about further restrictions on activity that could curb fuel demand. <\/p>\n<p>Brent crude for November delivery dropped 40 cents, or 1%, to $40.63 per barrel by 0635 GMT. West Texas Intermediate fell 32 cents, or 0.8%, to $38.97.<\/p>\n<p>The November Brent contract expires today, to be replaced by the December contract, which was down around 0.7% at $41.25.<\/p>\n<p>The benchmarks fell more than 3% on Tuesday as global Covid-19 cases passed 1 million, having doubled in three months. <\/p>\n<p>&#8220;The increasing number of Covid-19 cases continues to raise alarm bells on energy demand,&#8221; said Avtar Sandu, senior commodities manager at Phillip Futures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for a second day on Wednesday, extending large losses from the previous as rising coronavirus cases heading into the northern winter prompted concerns about further restrictions on activity that could curb fuel demand. Brent crude for November delivery dropped 40 cents, or 1%, to $40.63 per barrel by 0635 GMT. West Texas Intermediate fell 32 cents, or 0.8%, to $38.97. The November Brent contract expires today, to be replaced by the December contract, which was down around 0.7% at $41.25. The benchmarks fell more than 3% on Tuesday as global Covid-19 cases passed 1 million, having doubled [&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-376207","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\/376207","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=376207"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376207\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}