{"id":383622,"date":"2020-11-11T09:25:53","date_gmt":"2020-11-11T03:55:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383622"},"modified":"2020-11-11T13:45:16","modified_gmt":"2020-11-11T08:15:16","slug":"oil-falls-as-renewed-lockdowns-counter-covid-19-vaccine-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-renewed-lockdowns-counter-covid-19-vaccine-hopes\/","title":{"rendered":"Oil falls as renewed lockdowns counter Covid-19 vaccine hopes"},"content":{"rendered":"<p>Oil prices fell on Tuesday as worries over near term fuel demand in coronavirus-hit Europe and the United States haunted the market after an overnight surge driven by encouraging news on a Covid-19 vaccine. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell 55 cents, or almost 1.4%, to $39.74 a barrel by 0545 GMT, while Brent crude futures fell 44 cents, or 1%, to $41.96.<\/p>\n<p>Both benchmark contracts jumped 8% on Monday, in their biggest daily gains in more than five months, after drugmakers Pfizer and BioNTech said an experimental Covid-19 treatment was more than 90% effective based on initial trial results. Mass rollouts, however, are likely months away and subject to regulatory approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday as worries over near term fuel demand in coronavirus-hit Europe and the United States haunted the market after an overnight surge driven by encouraging news on a Covid-19 vaccine. US West Texas Intermediate (WTI) crude futures fell 55 cents, or almost 1.4%, to $39.74 a barrel by 0545 GMT, while Brent crude futures fell 44 cents, or 1%, to $41.96. Both benchmark contracts jumped 8% on Monday, in their biggest daily gains in more than five months, after drugmakers Pfizer and BioNTech said an experimental Covid-19 treatment was more than 90% effective based on initial [&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-383622","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\/383622","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=383622"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383622\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}