{"id":395690,"date":"2021-01-16T08:40:33","date_gmt":"2021-01-16T03:10:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395690"},"modified":"2021-01-16T09:23:53","modified_gmt":"2021-01-16T03:53:53","slug":"oil-drops-over-2-on-china-lockdowns-due-to-outbreak-us-unemployment-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-over-2-on-china-lockdowns-due-to-outbreak-us-unemployment-data\/","title":{"rendered":"Oil drops over 2% on China lockdowns due to outbreak, US unemployment data"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world&#8217;s biggest crude importer and U.S. plans for a large stimulus package. <\/p>\n<p>Brent was down $1.33, or 2.3%, at $55.17 by 11:59 a.m. EST (1559 GMT), after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was down $1.17, or 2.1% at $52.44 a barrel, having risen more than 1% the previous session. <\/p>\n<p>Both benchmarks, which hit their highest in nearly a year earlier in the week, were are heading for their first weekly declines in three weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world&#8217;s biggest crude importer and U.S. plans for a large stimulus package. Brent was down $1.33, or 2.3%, at $55.17 by 11:59 a.m. EST (1559 GMT), after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was down $1.17, or 2.1% at $52.44 a barrel, having risen more than 1% the previous session. Both benchmarks, which hit their highest in nearly a year earlier in the week, [&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-395690","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\/395690","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=395690"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395690\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}