{"id":394645,"date":"2021-01-12T08:49:12","date_gmt":"2021-01-12T03:19:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394645"},"modified":"2021-01-12T09:48:34","modified_gmt":"2021-01-12T04:18:34","slug":"oil-prices-fall-on-renewed-coronavirus-concerns-as-china-cases-climb","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-on-renewed-coronavirus-concerns-as-china-cases-climb\/","title":{"rendered":"Oil prices fall on renewed coronavirus concerns as China cases climb"},"content":{"rendered":"<p>Brent crude oil prices fell by $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world&#8217;s second-largest oil user, where infections jumped.<\/p>\n<p>Brent crude oil futures were down 78 cents, or 1.4%, at $55.21 a barrel by 0758 GMT, after falling $1 to a session low of $54.99 earlier. Brent rose in the previous four sessions. <\/p>\n<p>U.S. West Texas Intermediate (WTI) slipped 52 cents, or 1%, to $51.72 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&#8217;s Hebei province&#8230;along with a touch of Fed policy uncertainty, has triggered some profit taking out of the gates,&#8221; Stephen Innes, chief global market strategist at Axi, said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude oil prices fell by $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world&#8217;s second-largest oil user, where infections jumped. Brent crude oil futures were down 78 cents, or 1.4%, at $55.21 a barrel by 0758 GMT, after falling $1 to a session low of $54.99 earlier. Brent rose in the previous four sessions. U.S. West Texas Intermediate (WTI) slipped 52 cents, or 1%, to $51.72 a barrel. WTI rose to its highest in nearly a year on Friday. &#8220;Covid [&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-394645","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\/394645","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=394645"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394645\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}