{"id":406401,"date":"2021-03-23T08:37:16","date_gmt":"2021-03-23T03:07:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406401"},"modified":"2021-03-23T09:22:16","modified_gmt":"2021-03-23T03:52:16","slug":"oil-prices-slip-as-europe-covid-lockdowns-dim-demand-recovery-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-as-europe-covid-lockdowns-dim-demand-recovery-hopes\/","title":{"rendered":"Oil prices slip as Europe Covid lockdowns dim demand recovery hopes"},"content":{"rendered":"<p>Oil prices resumed their decline on Monday, falling more than 1% on renewed concerns that European lockdowns may slow an anticipated recovery in demand for fuel products.<\/p>\n<p>Brent crude was down 69 cents, or 1.1%, at $63.84 a barrel by 0755 GMT. U.S. oil was off by $1.03, or 1.7%, at $60.39 a barrel. Both contracts fell by more than 6% last week. <\/p>\n<p>&#8220;Germany&#8217;s lockdown extension and the partial lockdown in France continues to weigh on EU consumption sentiment,&#8221; said Jeffrey Halley, senior market analyst at OANDA.<\/p>\n<p>Germany plans to extend a lockdown to contain COVID-19 infections into a fifth month, according to a draft proposal, after new cases exceeded levels authorities say will cause hospitals to be overstretched.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices resumed their decline on Monday, falling more than 1% on renewed concerns that European lockdowns may slow an anticipated recovery in demand for fuel products. Brent crude was down 69 cents, or 1.1%, at $63.84 a barrel by 0755 GMT. U.S. oil was off by $1.03, or 1.7%, at $60.39 a barrel. Both contracts fell by more than 6% last week. &#8220;Germany&#8217;s lockdown extension and the partial lockdown in France continues to weigh on EU consumption sentiment,&#8221; said Jeffrey Halley, senior market analyst at OANDA. Germany plans to extend a lockdown to contain COVID-19 infections into a fifth [&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":[135,130,169],"tags":[],"class_list":["post-406401","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\/406401","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=406401"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406401\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}