{"id":390336,"date":"2020-12-19T09:25:50","date_gmt":"2020-12-19T03:55:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390336"},"modified":"2020-12-19T10:12:32","modified_gmt":"2020-12-19T04:42:32","slug":"oil-retreats-from-9-month-high-as-covid-19-surge-stokes-demand-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-retreats-from-9-month-high-as-covid-19-surge-stokes-demand-fears\/","title":{"rendered":"Oil retreats from 9-month high as Covid-19 surge stokes demand fears"},"content":{"rendered":"<p>Oil prices eased on Friday but stayed within touching distance of nine-month highs hit in the previous session as soaring Covid-19 cases weigh on fuel demand and US lawmakers battle over a $900 billion economic stimulus package. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures slipped 17 cents or 0.4 per cent, to $48.19 a barrel at 0513 GMT, while Brent crude futures fell 26 cents, or 0.5 per cent, to $51.24 a barrel.<\/p>\n<p>More than 73.65 million people have been reported to be infected by the novel coronavirus globally and 1,654,920\u200b have died, according to a Reuters tally on Friday.<\/p>\n<p>The spike in cases is leading to tough restrictions on travel, weighing on near-term fuel demand and market sentiment, analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices eased on Friday but stayed within touching distance of nine-month highs hit in the previous session as soaring Covid-19 cases weigh on fuel demand and US lawmakers battle over a $900 billion economic stimulus package. US West Texas Intermediate (WTI) crude futures slipped 17 cents or 0.4 per cent, to $48.19 a barrel at 0513 GMT, while Brent crude futures fell 26 cents, or 0.5 per cent, to $51.24 a barrel. More than 73.65 million people have been reported to be infected by the novel coronavirus globally and 1,654,920\u200b have died, according to a Reuters tally on Friday. [&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":[146,130,177],"tags":[],"class_list":["post-390336","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390336","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=390336"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390336\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}