{"id":406034,"date":"2021-03-20T11:42:51","date_gmt":"2021-03-20T06:12:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406034"},"modified":"2021-03-20T12:38:38","modified_gmt":"2021-03-20T07:08:38","slug":"oil-extend-losses-amid-gloomy-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extend-losses-amid-gloomy-demand-outlook\/","title":{"rendered":"Oil extend losses amid gloomy demand outlook"},"content":{"rendered":"<p>Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a new wave of Covid-19 infections in particular across Europe spurred fresh lockdowns and dampened hopes for an imminent recovery in fuel demand.<\/p>\n<p>US West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 05:52 GMT.<\/p>\n<p>Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. <\/p>\n<p>Oil had edged up in Asia&#8217;s morning trading after a 7% drop on Thursday as physical buyers leapt at the chance to load up on cheap oil, said Jeffrey Halley, senior market analyst at OANDA, in a Friday note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a new wave of Covid-19 infections in particular across Europe spurred fresh lockdowns and dampened hopes for an imminent recovery in fuel demand. US West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 05:52 GMT. Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. Oil had edged up in Asia&#8217;s morning trading after a 7% drop on Thursday as physical buyers leapt at the chance to load up on cheap oil, said [&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-406034","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\/406034","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=406034"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406034\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}