{"id":380286,"date":"2020-10-24T08:49:45","date_gmt":"2020-10-24T03:19:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380286"},"modified":"2020-10-24T09:17:18","modified_gmt":"2020-10-24T03:47:18","slug":"oil-falls-about-2-on-libyan-crude-output-coronavirus-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-about-2-on-libyan-crude-output-coronavirus-demand-concerns\/","title":{"rendered":"Oil falls about 2% on Libyan crude output, coronavirus demand concerns"},"content":{"rendered":"<p>Oil fell nearly 2 per cent on Friday, finishing lower for the week, in anticipation of a surge in Libyan crude supply and demand concerns caused by surging coronavirus cases in the United States and Europe. <\/p>\n<p>Crude prices sank after Libya&#8217;s National Oil Corp (NOC) said it lifted force majeure on exports from key ports and output would reach 1 million barrels per day in four weeks. <\/p>\n<p>&#8220;As soon as that came out, the market cratered,&#8221; said Bob Yawger, director of energy futures at Mizuho in New York. <\/p>\n<p>US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent. Brent crude settled at $41.77 a barrel, losing 69 cents, or 1.6 per cent. For the week, US crude futures lost 2.5 per cent and Brent futures shed 2.7 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell nearly 2 per cent on Friday, finishing lower for the week, in anticipation of a surge in Libyan crude supply and demand concerns caused by surging coronavirus cases in the United States and Europe. Crude prices sank after Libya&#8217;s National Oil Corp (NOC) said it lifted force majeure on exports from key ports and output would reach 1 million barrels per day in four weeks. &#8220;As soon as that came out, the market cratered,&#8221; said Bob Yawger, director of energy futures at Mizuho in New York. US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 [&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":[135,130,169],"tags":[],"class_list":["post-380286","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380286","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=380286"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380286\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}