{"id":406155,"date":"2021-03-22T10:17:03","date_gmt":"2021-03-22T04:47:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406155"},"modified":"2021-03-22T10:17:03","modified_gmt":"2021-03-22T04:47:03","slug":"oil-resumes-decline-in-asia-after-ending-ugly-week-with-a-bounce","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-resumes-decline-in-asia-after-ending-ugly-week-with-a-bounce\/","title":{"rendered":"Oil resumes decline in Asia after ending ugly week with a bounce"},"content":{"rendered":"<p>Brent oil dropped in Asia as the dollar strengthened, giving up some of the gains posted at the end of the worst week since October.<\/p>\n<p>Futures in London slipped 1% on Monday as a rising dollar reduced the appeal of commodities priced in the currency. Despite rising 2% on Friday, crude still capped a large weekly loss amid a combination of factors including a softening physical market and the unwinding of long positions. Concerns about near-term demand due to the uneven pandemic recovery also continue to linger.<\/p>\n<p>Saudi Arabia, meanwhile, saw another assault on its energy facilities. While the offensive by Iran-backed Houthi rebels on an Aramco refinery on Friday had no impact on oil supplies, it\u2019s the latest in a series of attacks on the kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil dropped in Asia as the dollar strengthened, giving up some of the gains posted at the end of the worst week since October. Futures in London slipped 1% on Monday as a rising dollar reduced the appeal of commodities priced in the currency. Despite rising 2% on Friday, crude still capped a large weekly loss amid a combination of factors including a softening physical market and the unwinding of long positions. Concerns about near-term demand due to the uneven pandemic recovery also continue to linger. Saudi Arabia, meanwhile, saw another assault on its energy facilities. While the offensive [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-406155","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406155","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=406155"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406155\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}