{"id":388510,"date":"2020-12-08T11:28:53","date_gmt":"2020-12-08T05:58:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388510"},"modified":"2020-12-08T11:28:53","modified_gmt":"2020-12-08T05:58:53","slug":"oil-falls-on-surging-virus-cases-and-us-china-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-surging-virus-cases-and-us-china-tensions\/","title":{"rendered":"Oil falls on surging virus cases and US-China tensions"},"content":{"rendered":"<p>Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China.<\/p>\n<p>Brent crude fell 36 cents, or 0.7%, to $48.89 a barrel by 1112 GMT. U.S. crude was down 39 cents, or 0.8%, at $45.87.<\/p>\n<p>&#8220;Surging virus cases and a Reuters report signalling the United States is preparing new sanctions on Chinese officials &#8230; outweighed the positive sentiment driven by vaccine news,&#8221; said Hussein Sayed, chief market strategist at FXTM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China. Brent crude fell 36 cents, or 0.7%, to $48.89 a barrel by 1112 GMT. U.S. crude was down 39 cents, or 0.8%, at $45.87. &#8220;Surging virus cases and a Reuters report signalling the United States is preparing new sanctions on Chinese officials &#8230; outweighed the positive sentiment driven by vaccine news,&#8221; said Hussein Sayed, chief market strategist at FXTM.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-388510","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388510","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=388510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}