{"id":395709,"date":"2021-01-16T10:13:34","date_gmt":"2021-01-16T04:43:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395709"},"modified":"2021-01-16T10:13:34","modified_gmt":"2021-01-16T04:43:34","slug":"oil-falls-as-china-lockdown-us-unemployment-data-temper-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-china-lockdown-us-unemployment-data-temper-gains\/","title":{"rendered":"Oil falls as China lockdown, US unemployment data temper gains"},"content":{"rendered":"<p>Oil prices fell 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 US plans for a large stimulus package.<\/p>\n<p>Brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down 57 cents, or 1.1%, at $53 a barrel, having risen more than 1% the previous session.<\/p>\n<p>Brent and US crude are heading for their first weekly declines in three weeks.<\/p>\n<p>While producers are facing unparalleled challenges balancing supply and demand equations with calculus involving vaccine rollouts versus lockdowns, financial contracts have been boosted by strong equities and a weaker dollar, which makes oil cheaper, along with strong Chinese demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell 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 US plans for a large stimulus package. Brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining 0.6% on Thursday. US West Texas Intermediate crude was down 57 cents, or 1.1%, at $53 a barrel, having risen more than 1% the previous session. Brent and US crude are heading for their first weekly declines in three weeks. While producers are facing unparalleled challenges balancing supply [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-395709","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395709","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395709"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395709\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}