{"id":384622,"date":"2020-11-18T08:47:18","date_gmt":"2020-11-18T03:17:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384622"},"modified":"2020-11-18T09:35:29","modified_gmt":"2020-11-18T04:05:29","slug":"oil-dips-on-covid-19-lockdown-worries-even-though-opec-may-tighten-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-on-covid-19-lockdown-worries-even-though-opec-may-tighten-supply\/","title":{"rendered":"Oil dips on Covid-19 lockdown worries even though OPEC+ may tighten supply"},"content":{"rendered":"<p>Oil prices slipped on Tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit short-term demand outweighed hopes for a vaccine and the possibility of tighter OPEC+ supply policies. <\/p>\n<p>Brent futures fell 38 cents, or 0.9 per cent, to $43.44 a barrel by 1:52 p.m. EST (1852 GMT), while U.S. crude fell 27 cents, or 0.7 per cent, to $41.07. <\/p>\n<p>On Monday, Brent closed at a 10-week high following Moderna Inc&#8217;s announcement that its coronavirus vaccine was 94.5 per cent effective. That followed similar news from Pfizer Inc last week. <\/p>\n<p>But the short-term economic outlook remains hazy with several European nations tightening restrictions as coronavirus cases increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Tuesday as worries that lockdowns to fight a new surge in coronavirus cases could hit short-term demand outweighed hopes for a vaccine and the possibility of tighter OPEC+ supply policies. Brent futures fell 38 cents, or 0.9 per cent, to $43.44 a barrel by 1:52 p.m. EST (1852 GMT), while U.S. crude fell 27 cents, or 0.7 per cent, to $41.07. On Monday, Brent closed at a 10-week high following Moderna Inc&#8217;s announcement that its coronavirus vaccine was 94.5 per cent effective. That followed similar news from Pfizer Inc last week. But the short-term economic outlook [&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-384622","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\/384622","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=384622"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384622\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}