{"id":378990,"date":"2020-10-17T10:37:28","date_gmt":"2020-10-17T05:07:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378990"},"modified":"2020-10-17T11:55:47","modified_gmt":"2020-10-17T06:25:47","slug":"oil-slides-on-covid-19-resurgence-and-strong-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-on-covid-19-resurgence-and-strong-dollar\/","title":{"rendered":"Oil slides on Covid-19 resurgence and strong dollar"},"content":{"rendered":"<p>LONDON: Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world&#8217;s biggest fuel consuming regions, while a stronger U.S. dollar also pressured prices.<\/p>\n<p>Brent crude futures for December were down 50 cents, or 1.2%, to $42.66 a barrel by 1226 GMT and U.S. West Texas Intermediate (WTI) crude futures for November delivery slid 42 cents, or 1%, to $40.55.<\/p>\n<p>Both benchmarks dipped the previous day but remain barely unchanged from a week earlier.<\/p>\n<p>&#8220;The reality is that we&#8217;re now seeing a pretty active spread of the pandemic across Europe and it&#8217;s spreading again in North America, and that potentially will weigh on oil demand recovery,&#8221; said Lachlan Shaw, head of commodity research at the National Bank of Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world&#8217;s biggest fuel consuming regions, while a stronger U.S. dollar also pressured prices. Brent crude futures for December were down 50 cents, or 1.2%, to $42.66 a barrel by 1226 GMT and U.S. West Texas Intermediate (WTI) crude futures for November delivery slid 42 cents, or 1%, to $40.55. Both benchmarks dipped the previous day but remain barely unchanged from a week earlier. &#8220;The reality is that we&#8217;re now seeing a [&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":[130,191,136],"tags":[],"class_list":["post-378990","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378990","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=378990"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378990\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}