{"id":395146,"date":"2021-01-14T08:58:05","date_gmt":"2021-01-14T03:28:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395146"},"modified":"2021-01-14T09:40:47","modified_gmt":"2021-01-14T04:10:47","slug":"oil-prices-fall-after-earlier-gains-as-rising-global-covid-19-cases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-after-earlier-gains-as-rising-global-covid-19-cases\/","title":{"rendered":"Oil prices fall after earlier gains as rising global Covid-19 cases"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell after earlier gains on Wednesday as rising global COVID-19 cases took the shine off a rally spurred by a bigger-than-expected drop in U.S. crude inventories. <\/p>\n<p>Brent crude prices were down 34 cents, or 0.6%, at $56.24 a barrel by 1512 GMT. Prices rose as far as $57.42 a barrel earlier in the session, the highest since Feb. 24.<\/p>\n<p>The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.<\/p>\n<p>U.S. West Texas Intermediate (WTI) was down 16 cents, or 0.3%, at $53.05, after hitting a session high of $53.93, its highest since Feb. 20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell after earlier gains on Wednesday as rising global COVID-19 cases took the shine off a rally spurred by a bigger-than-expected drop in U.S. crude inventories. Brent crude prices were down 34 cents, or 0.6%, at $56.24 a barrel by 1512 GMT. Prices rose as far as $57.42 a barrel earlier in the session, the highest since Feb. 24. The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020. U.S. West Texas Intermediate (WTI) was down 16 cents, or 0.3%, at $53.05, after hitting a session [&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-395146","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\/395146","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=395146"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395146\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}