{"id":379644,"date":"2020-10-21T09:16:49","date_gmt":"2020-10-21T03:46:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379644"},"modified":"2020-10-21T11:33:09","modified_gmt":"2020-10-21T06:03:09","slug":"oil-prices-drop-for-4th-day-as-second-covid-19-wave-worries-intensify","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-for-4th-day-as-second-covid-19-wave-worries-intensify\/","title":{"rendered":"Oil prices drop for 4th day as second Covid-19 wave worries intensify"},"content":{"rendered":"<p>Oil prices slipped for a fourth straight day on Tuesday on worries a resurgence of coronavirus cases globally is stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply. <\/p>\n<p>&#8220;It&#8217;s clouds of gloom over the oil market again,&#8221; said Vandana Hari, energy analyst at Vanda Insights.<\/p>\n<p>Brent crude futures fell 32 cents, or 0.8 per cent, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures slid 26 cents, or 0.6 per cent, to $40.57 a barrel, after losing 5 cents on Monday. <\/p>\n<p>Covid-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking new clampdowns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped for a fourth straight day on Tuesday on worries a resurgence of coronavirus cases globally is stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply. &#8220;It&#8217;s clouds of gloom over the oil market again,&#8221; said Vandana Hari, energy analyst at Vanda Insights. Brent crude futures fell 32 cents, or 0.8 per cent, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday. US West Texas Intermediate (WTI) crude futures slid 26 cents, or 0.6 per cent, to $40.57 a barrel, after losing 5 cents on Monday. Covid-19 [&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-379644","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\/379644","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=379644"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379644\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}