{"id":380762,"date":"2020-10-27T09:18:59","date_gmt":"2020-10-27T03:48:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380762"},"modified":"2020-10-27T09:49:27","modified_gmt":"2020-10-27T04:19:27","slug":"oil-falls-more-than-2-as-covid-19-cases-raise-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-more-than-2-as-covid-19-cases-raise-demand-concerns\/","title":{"rendered":"Oil falls more than 2% as Covid-19 cases raise demand concerns"},"content":{"rendered":"<p>Oil fell more than 2 per cent on Monday, extending last week&#8217;s losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment. <\/p>\n<p>Brent crude was down 89 cents, or 2.1 per cent, at $40.88 by 0647 GMT. US West Texas Intermediate (WTI) dropped 89 cents, or 2.2%, to $38.96, having fallen more than a dollar shortly after the start of trading.<\/p>\n<p>Brent fell 2.7 per cent last week and WTI dropped 2.5 per cent.<\/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, underlining the severity of the outbreak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell more than 2 per cent on Monday, extending last week&#8217;s losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment. Brent crude was down 89 cents, or 2.1 per cent, at $40.88 by 0647 GMT. US West Texas Intermediate (WTI) dropped 89 cents, or 2.2%, to $38.96, having fallen more than a dollar shortly after the start of trading. Brent fell 2.7 per cent last week and WTI dropped 2.5 per cent. The United States reported its highest number yet of new [&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-380762","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\/380762","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=380762"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380762\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}