{"id":376234,"date":"2020-10-01T10:18:47","date_gmt":"2020-10-01T04:48:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376234"},"modified":"2020-10-01T10:18:47","modified_gmt":"2020-10-01T04:48:47","slug":"oil-falls-back-to-40-with-aviation-slump-adding-to-demand-woes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-back-to-40-with-aviation-slump-adding-to-demand-woes\/","title":{"rendered":"Oil falls back to $40 with aviation slump adding to demand woes"},"content":{"rendered":"<p>Oil headed lower after capping its first monthly loss since April as a drop in commercial flights added to a worsening demand outlook.<\/p>\n<p>Futures in New York fell to near $40 a barrel after losing 5.6% in September. A 7-day moving average of worldwide commercial flights declined to the lowest since mid-August, according to Flightradar24, a website that tracks flights in real time. The data comes after several top trading houses said a meaningful recovery in oil demand may take as long as 18 months to two years.<\/p>\n<p>American benchmark crude prices rallied 2.4% on Wednesday, the most in two weeks, following an Energy Information Administration report that showed domestic crude inventories declined by almost 2 million barrels last week to the lowest level since April. Distillates stockpiles also posted a surprise drop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil headed lower after capping its first monthly loss since April as a drop in commercial flights added to a worsening demand outlook. Futures in New York fell to near $40 a barrel after losing 5.6% in September. A 7-day moving average of worldwide commercial flights declined to the lowest since mid-August, according to Flightradar24, a website that tracks flights in real time. The data comes after several top trading houses said a meaningful recovery in oil demand may take as long as 18 months to two years. American benchmark crude prices rallied 2.4% on Wednesday, the most in two [&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":[139,130,187],"tags":[],"class_list":["post-376234","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376234","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=376234"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376234\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}