{"id":395126,"date":"2021-01-14T08:54:21","date_gmt":"2021-01-14T03:24:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395126"},"modified":"2021-01-14T09:38:15","modified_gmt":"2021-01-14T04:08:15","slug":"oil-ends-lower-retreating-from-recent-gains-as-covid-19-cases-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-ends-lower-retreating-from-recent-gains-as-covid-19-cases-rise\/","title":{"rendered":"Oil ends lower, retreating from recent gains as Covid-19 cases rise"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell on Wednesday, pulling back from recent gains, on concerns that rising global COVID-19 will hamper global fuel demand. <\/p>\n<p>The market did find some support from weekly inventory figures that showed a drop in crude inventories and rising refinery production.<\/p>\n<p>Brent crude prices settled at $56.06 a barrel, down 52 cents, or 0.9%. U.S. West Texas Intermediate (WTI) settled at $52.91 a barrel, falling 30 cents, or 0.6%.<\/p>\n<p>Fuel demand has rebounded from last spring&#8217;s shock falloff as the COVID-19 pandemic worsened, but governments continue to place restrictions on travel that will restrain energy demand for months, analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell on Wednesday, pulling back from recent gains, on concerns that rising global COVID-19 will hamper global fuel demand. The market did find some support from weekly inventory figures that showed a drop in crude inventories and rising refinery production. Brent crude prices settled at $56.06 a barrel, down 52 cents, or 0.9%. U.S. West Texas Intermediate (WTI) settled at $52.91 a barrel, falling 30 cents, or 0.6%. Fuel demand has rebounded from last spring&#8217;s shock falloff as the COVID-19 pandemic worsened, but governments continue to place restrictions on travel that will restrain energy [&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-395126","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\/395126","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=395126"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395126\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}