{"id":384208,"date":"2020-11-16T08:47:03","date_gmt":"2020-11-16T03:17:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384208"},"modified":"2020-11-16T09:42:31","modified_gmt":"2020-11-16T04:12:31","slug":"oil-prices-fall-on-coronavirus-surge-but-on-track-for-weekly-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-on-coronavirus-surge-but-on-track-for-weekly-gain\/","title":{"rendered":"Oil prices fall on coronavirus surge but on track for weekly gain"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections, but hopes for a vaccine kept the market on track for a second straight weekly gain. <\/p>\n<p>Brent crude was down 36 cents, or 0.83%, at $43.17 a barrel as of 1143 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 48 cents, or 1.17%, to $40.64 a barrel. <\/p>\n<p>For the week, both were headed for a surge of about 9%. <\/p>\n<p>U.S. government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections, but hopes for a vaccine kept the market on track for a second straight weekly gain. Brent crude was down 36 cents, or 0.83%, at $43.17 a barrel as of 1143 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 48 cents, or 1.17%, to $40.64 a barrel. For the week, both were headed for a surge of about 9%. U.S. government data also added pressure, as crude inventories rose by 4.3 million [&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-384208","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\/384208","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=384208"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384208\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}