{"id":384211,"date":"2020-11-16T08:49:06","date_gmt":"2020-11-16T03:19:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384211"},"modified":"2020-11-16T09:49:21","modified_gmt":"2020-11-16T04:19:21","slug":"oil-prices-slide-on-swelling-libya-output-coronavirus-infections","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-on-swelling-libya-output-coronavirus-infections\/","title":{"rendered":"Oil prices slide on swelling Libya output, coronavirus infections"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand. <\/p>\n<p>Hopes for a vaccine kept crude futures on track for a second straight weekly gain. <\/p>\n<p>Brent crude was down 59 cents, or 1.4%, at $42.94 a barrel as of 1:27 p.m. ET (1827 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2%, to $40.31 a barrel. <\/p>\n<p>For the week, both were headed for a rise of more than 8%. <\/p>\n<p>Libyan oil production has risen to 1.2 million barrels per day (bpd), a Libyan oil source told Reuters, up from the 1.0 million bpd reported on Nov. 7 by the country&#8217;s National Oil Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand. Hopes for a vaccine kept crude futures on track for a second straight weekly gain. Brent crude was down 59 cents, or 1.4%, at $42.94 a barrel as of 1:27 p.m. ET (1827 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2%, to $40.31 a barrel. For the week, both were headed for a rise of more than 8%. Libyan oil production [&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-384211","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\/384211","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=384211"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384211\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}