{"id":397609,"date":"2021-01-28T12:11:41","date_gmt":"2021-01-28T06:41:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397609"},"modified":"2021-01-28T13:31:36","modified_gmt":"2021-01-28T08:01:36","slug":"oil-prices-slip-on-tightening-of-covid-19-restrictions-particularly-in-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-on-tightening-of-covid-19-restrictions-particularly-in-china\/","title":{"rendered":"Oil prices slip on tightening of Covid-19 restrictions, particularly in China"},"content":{"rendered":"<p>Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world&#8217;s second-largest oil consumer, also sought to limit Lunar New Year trips to stem a surge in Covid-19 cases. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.1%, to $52.72 a barrel at 0228 GMT, erasing some of Wednesday&#8217;s gain.<\/p>\n<p>Brent crude futures fell 16 cents, or 0.3%, to $55.65 a barrel, after losing 10 cents on Wednesday. <\/p>\n<p>&#8220;It looks like the market&#8217;s really paying attention to some of the demand concerns. The one which has really taken over moreso than others is what&#8217;s going on in China,&#8221; said Commonwealth Bank Commodities Analyst Vivek Dhar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slid in early trade on Thursday on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world&#8217;s second-largest oil consumer, also sought to limit Lunar New Year trips to stem a surge in Covid-19 cases. US West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.1%, to $52.72 a barrel at 0228 GMT, erasing some of Wednesday&#8217;s gain. Brent crude futures fell 16 cents, or 0.3%, to $55.65 a barrel, after losing 10 cents on Wednesday. &#8220;It looks like the market&#8217;s really paying attention to some of the demand concerns. The [&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-397609","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\/397609","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=397609"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397609\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}