{"id":402388,"date":"2021-02-27T12:07:30","date_gmt":"2021-02-27T06:37:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402388"},"modified":"2021-02-27T12:07:30","modified_gmt":"2021-02-27T06:37:30","slug":"oil-drops-1-on-us-dollar-strength-expectations-for-supply-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-1-on-us-dollar-strength-expectations-for-supply-gains\/","title":{"rendered":"Oil drops 1% on US dollar strength, expectations for supply gains"},"content":{"rendered":"<p>Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures dropped 96 cents, or 1.5%, to $62.57 a barrel at 0804 GMT, giving up all of Thursday&#8217;s gains.<\/p>\n<p>Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel, following a 16 cent loss on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market. U.S. West Texas Intermediate (WTI) crude futures dropped 96 cents, or 1.5%, to $62.57 a barrel at 0804 GMT, giving up all of Thursday&#8217;s gains. Brent crude futures for April, which expire on Friday, fell 86 cents, or 1.3%, to $66.02 a barrel, following a 16 cent loss on Thursday.<\/p>\n","protected":false},"author":39,"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-402388","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\/402388","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=402388"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402388\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}