{"id":380753,"date":"2020-10-27T08:58:24","date_gmt":"2020-10-27T03:28:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380753"},"modified":"2020-10-27T09:34:24","modified_gmt":"2020-10-27T04:04:24","slug":"oil-prices-slip-as-worries-mount-over-rising-covid-cases-in-us-europe","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-as-worries-mount-over-rising-covid-cases-in-us-europe\/","title":{"rendered":"Oil prices slip as worries mount over rising Covid cases in US, Europe"},"content":{"rendered":"<p>Oil prices fell on Monday, extending last week\u2019s losses, as increasing \u2008Covid-19 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 99 cents, or 2.37 per cent, at $40.78 by 8.28 pm IST. US West Texas Intermediate (WTI) dropped $1.13, or 2.84 per cent, to $38.72. Both contracts fell almost 2.5% last week. <\/p>\n<p>The rising number of cases &#8220;not only highlight the risks posed by immediate transport restrictions, but also dampen long-term demand expectations,&#8221; said Commerzbank analyst Eugen Weinberg. <\/p>\n<p>On the supply side, Libya\u2019s National Oil Corp (NOC) said it had lifted force majeure on the El-Feel oilfield.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday, extending last week\u2019s losses, as increasing \u2008Covid-19 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 99 cents, or 2.37 per cent, at $40.78 by 8.28 pm IST. US West Texas Intermediate (WTI) dropped $1.13, or 2.84 per cent, to $38.72. Both contracts fell almost 2.5% last week. The rising number of cases &#8220;not only highlight the risks posed by immediate transport restrictions, but also dampen long-term demand expectations,&#8221; said Commerzbank analyst Eugen Weinberg. On the supply side, Libya\u2019s National [&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-380753","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\/380753","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=380753"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380753\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}