{"id":389251,"date":"2020-12-14T08:36:03","date_gmt":"2020-12-14T03:06:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=389251"},"modified":"2020-12-14T09:42:49","modified_gmt":"2020-12-14T04:12:49","slug":"oil-pulls-back-amid-new-york-coronavirus-curbs-gains-for-a-6th-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-pulls-back-amid-new-york-coronavirus-curbs-gains-for-a-6th-week\/","title":{"rendered":"Oil pulls back amid New York coronavirus curbs, gains for a 6th week"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices settled lower on Friday, as demand worries due to new coronavirus-related restrictions on business in New York overshadowed progress toward vaccination programs. <\/p>\n<p>Brent futures settled down 28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude fell 21 cents, or 0.5%, to $46.57, having risen almost 3% in the previous session. <\/p>\n<p>&#8220;Restrictions in New York are weighing on prices,&#8221; said Bob Yawger, director of energy futures for Mizuho in New York. On Thursday, funds had placed net long bets as Brent topped $50 a barrel. &#8220;As we approach the close, the speculator community is reluctant to go home with a net long position,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices settled lower on Friday, as demand worries due to new coronavirus-related restrictions on business in New York overshadowed progress toward vaccination programs. Brent futures settled down 28 cents, or 0.6% at $49.97 a barrel. The contract rose above $51 a barrel on Thursday to an early-March high. U.S. West Texas Intermediate (WTI) crude fell 21 cents, or 0.5%, to $46.57, having risen almost 3% in the previous session. &#8220;Restrictions in New York are weighing on prices,&#8221; said Bob Yawger, director of energy futures for Mizuho in New York. On Thursday, funds had placed net [&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-389251","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\/389251","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=389251"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389251\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=389251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=389251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=389251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}