{"id":397040,"date":"2021-01-23T11:05:10","date_gmt":"2021-01-23T05:35:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397040"},"modified":"2021-01-23T12:19:35","modified_gmt":"2021-01-23T06:49:35","slug":"oil-falls-as-china-covid-19-cases-trigger-clampdowns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-china-covid-19-cases-trigger-clampdowns\/","title":{"rendered":"Oil falls as China Covid-19 cases trigger clampdowns"},"content":{"rendered":"<p>Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world&#8217;s biggest oil importer.<\/p>\n<p>Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures dropped $82 cents, or 1.5%, to $52.31, a day after slipping 18 cents.<\/p>\n<p>Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world&#8217;s biggest oil importer. Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday. U.S. West Texas Intermediate (WTI) crude futures dropped $82 cents, or 1.5%, to $52.31, a day after slipping 18 cents. Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading [&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":[130,191,136],"tags":[],"class_list":["post-397040","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397040","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=397040"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397040\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}