{"id":397193,"date":"2021-01-25T11:02:15","date_gmt":"2021-01-25T05:32:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397193"},"modified":"2021-01-25T12:18:59","modified_gmt":"2021-01-25T06:48:59","slug":"oil-prices-fall-for-2nd-session-as-covid-19-lockdown-concerns-cast-pall-over-demand-prospects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-for-2nd-session-as-covid-19-lockdown-concerns-cast-pall-over-demand-prospects\/","title":{"rendered":"Oil prices fall for 2nd session as Covid-19 lockdown concerns cast pall over demand prospects"},"content":{"rendered":"<p>Oil prices slipped for a second straight session on Monday as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. <\/p>\n<p>Brent crude futures for March fell 15 cents, or 0.3%, to $55.26 a barrel by 0158 GMT, while U.S. West Texas Intermediate crude for March was at $52.19 a barrel, down 8 cents, or 0.2%.<\/p>\n<p>&#8220;Signs of weaker demand weighed on the market,&#8221; ANZ analysts said, pointing to lockdowns in Hong Kong, China and possibly France as Covid-19 cases rise, restricting business activity and fuel consumption. <\/p>\n<p>China reported a climb in new Covid-19 cases on Monday, casting a pall over demand prospects in the world&#8217;s largest energy consumer, the main pillar of strength for global oil consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped for a second straight session on Monday as renewed COVID-19 lockdowns raised fresh concerns about global fuel demand. Brent crude futures for March fell 15 cents, or 0.3%, to $55.26 a barrel by 0158 GMT, while U.S. West Texas Intermediate crude for March was at $52.19 a barrel, down 8 cents, or 0.2%. &#8220;Signs of weaker demand weighed on the market,&#8221; ANZ analysts said, pointing to lockdowns in Hong Kong, China and possibly France as Covid-19 cases rise, restricting business activity and fuel consumption. China reported a climb in new Covid-19 cases on Monday, casting a pall [&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":[146,130,177],"tags":[],"class_list":["post-397193","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397193","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=397193"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397193\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}