{"id":380747,"date":"2020-10-27T08:56:35","date_gmt":"2020-10-27T03:26:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380747"},"modified":"2020-10-27T09:33:18","modified_gmt":"2020-10-27T04:03:18","slug":"oil-prices-extend-losses-on-surge-in-covid-cases-increasing-libyan-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-extend-losses-on-surge-in-covid-cases-increasing-libyan-output\/","title":{"rendered":"Oil prices extend losses on surge in Covid cases, increasing Libyan output"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell on Monday, extending last week&#8217;s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya&#8217;s fast growing production also weighed on prices. <\/p>\n<p>Brent was down $1, or 2.4%, at $40.77 by 0905 GMT. U.S. West Texas Intermediate (WTI) dropped $1.01, or 2.5%, to $38.84. Both contracts fell almost 2.5% last week. <\/p>\n<p>The United States reported its highest number yet of new coronavirus infections in two days through Saturday, while in France new cases hit a record of more than 50,000 on Sunday. Italy and Spain imposed fresh restrictions to curb the virus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell on Monday, extending last week&#8217;s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya&#8217;s fast growing production also weighed on prices. Brent was down $1, or 2.4%, at $40.77 by 0905 GMT. U.S. West Texas Intermediate (WTI) dropped $1.01, or 2.5%, to $38.84. Both contracts fell almost 2.5% last week. The United States reported its highest number yet of new coronavirus infections in two days through Saturday, while in France new cases hit a record of more than 50,000 on Sunday. Italy and Spain imposed [&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-380747","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\/380747","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=380747"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380747\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}