{"id":378303,"date":"2020-10-14T09:22:53","date_gmt":"2020-10-14T03:52:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378303"},"modified":"2020-10-14T11:54:05","modified_gmt":"2020-10-14T06:24:05","slug":"oil-prices-steady-after-falling-amid-return-of-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-after-falling-amid-return-of-supply\/","title":{"rendered":"Oil prices steady after falling amid return of supply"},"content":{"rendered":"<p>Oil prices were steady on Tuesday, sitting on losses of nearly 3 per cent from the previous session as supplies began to resume in Norway, the US Gulf of Mexico and Libya, while the IEA forecast a 5 per cent fall in global energy demand in 2020. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures inched up 4 cents to $39.47 a barrel at 0448 GMT, while Brent crude futures also rose 4 cents to $41.76 a barrel. <\/p>\n<p>Oil prices are under pressure from concerns about the return of supplies, while resurgent Covid-19 infections in the US. Midwest and Europe raise worries about fuel demand growth, posing a challenge for the Organization of Petroleum Exporting Countries and its allies, together called OPEC+.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady on Tuesday, sitting on losses of nearly 3 per cent from the previous session as supplies began to resume in Norway, the US Gulf of Mexico and Libya, while the IEA forecast a 5 per cent fall in global energy demand in 2020. US West Texas Intermediate (WTI) crude futures inched up 4 cents to $39.47 a barrel at 0448 GMT, while Brent crude futures also rose 4 cents to $41.76 a barrel. Oil prices are under pressure from concerns about the return of supplies, while resurgent Covid-19 infections in the US. Midwest and Europe raise [&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-378303","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\/378303","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=378303"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378303\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}