{"id":391008,"date":"2020-12-23T08:56:55","date_gmt":"2020-12-23T03:26:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=391008"},"modified":"2020-12-23T09:56:56","modified_gmt":"2020-12-23T04:26:56","slug":"oil-drops-as-new-coronavirus-strain-revives-demand-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-as-new-coronavirus-strain-revives-demand-fears\/","title":{"rendered":"Oil drops as new coronavirus strain revives demand fears"},"content":{"rendered":"<p>Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a new coronavirus strain in the United Kingdom revived concerns over demand recovery. <\/p>\n<p>Detection of the new strain prompted several countries to close their borders to Britain, though a British minister said the UK and France are working to reopen one of Europe&#8217;s most important trade routes. <\/p>\n<p>Brent crude was down 32 cents, or 0.6%, at $50.59 a barrel by 1125 GMT, while U.S. West Texas Intermediate (WTI) crude fell 67 cents, or 1.4%, to $47.30. <\/p>\n<p>Both benchmarks slid nearly 3% on Monday, partly erasing recent gains driven by the rollout of COVID-19 vaccines, seen as key to allowing a return to normal life.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a new coronavirus strain in the United Kingdom revived concerns over demand recovery. Detection of the new strain prompted several countries to close their borders to Britain, though a British minister said the UK and France are working to reopen one of Europe&#8217;s most important trade routes. Brent crude was down 32 cents, or 0.6%, at $50.59 a barrel by 1125 GMT, while U.S. West Texas Intermediate (WTI) crude fell 67 cents, or 1.4%, to $47.30. Both benchmarks slid nearly 3% on Monday, partly [&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-391008","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\/391008","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=391008"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391008\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=391008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=391008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=391008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}