{"id":394381,"date":"2021-01-11T09:11:17","date_gmt":"2021-01-11T03:41:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394381"},"modified":"2021-01-11T10:36:00","modified_gmt":"2021-01-11T05:06:00","slug":"oil-prices-fall-on-renewed-coronavirus-concerns-as-china-cases-mount-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-on-renewed-coronavirus-concerns-as-china-cases-mount-2\/","title":{"rendered":"Oil prices fall on renewed coronavirus concerns as China cases mount"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world&#8217;s second-largest oil user, after a jump in cases there. <\/p>\n<p>Brent crude oil futures fell 42 cents, or 0.8%, to $55.57 a barrel by 0146 GMT after earlier climbing to $56.39, its highest since Feb. 25, 2020. Brent rose in the previous four sessions. <\/p>\n<p>U.S. West Texas Intermediate (WTI) slipped 22 cents, or 0.4%, to $52.02 a barrel. WTI rose to its highest in nearly a year on Friday. <\/p>\n<p>&#8220;Covid hot spots flaring again in Asia, with 11 million people (in) lockdowns in China Hebei province&#8230; along with a touch of FED policy uncertainty has triggered some profit taking out of the gates this morning,&#8221; Stephen Innes, chief global market strategist at Axi, said in a note on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world&#8217;s second-largest oil user, after a jump in cases there. Brent crude oil futures fell 42 cents, or 0.8%, to $55.57 a barrel by 0146 GMT after earlier climbing to $56.39, its highest since Feb. 25, 2020. Brent rose in the previous four sessions. U.S. West Texas Intermediate (WTI) slipped 22 cents, or 0.4%, to $52.02 a barrel. WTI rose to its highest in nearly a year on Friday. &#8220;Covid hot spots [&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-394381","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\/394381","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=394381"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394381\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}