{"id":406437,"date":"2021-03-23T10:26:08","date_gmt":"2021-03-23T04:56:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406437"},"modified":"2021-03-23T10:26:08","modified_gmt":"2021-03-23T04:56:08","slug":"oil-edges-lower-near-61-with-near-term-demand-concerns-in-focus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-lower-near-61-with-near-term-demand-concerns-in-focus\/","title":{"rendered":"Oil edges lower near $61 with near-term demand concerns in focus"},"content":{"rendered":"<p>Oil edged lower in Asian trading on concerns about the near-term demand outlook amid the uneven recovery from the pandemic.<\/p>\n<p>Futures in New York slipped 0.6% to trade near $61 a barrel after two days of gains. Fuel consumption is facing a setback after some countries in Europe extended or reimposed lockdowns, while in the U.S., New York City\u2019s mayor urged a pause on reopening. In Southeast Asia, demand has hit a plateau and is unlikely to reach pre-virus levels until the end of the year or later.<\/p>\n<p>U.S. crude stockpiles, meanwhile, probably expanded by 1.2 million barrels last week, according to the median estimate in a Bloomberg survey. If confirmed by government data on Wednesday, it would be a fifth weekly increase, the longest run of gains since May. Industry figures are due later Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil edged lower in Asian trading on concerns about the near-term demand outlook amid the uneven recovery from the pandemic. Futures in New York slipped 0.6% to trade near $61 a barrel after two days of gains. Fuel consumption is facing a setback after some countries in Europe extended or reimposed lockdowns, while in the U.S., New York City\u2019s mayor urged a pause on reopening. In Southeast Asia, demand has hit a plateau and is unlikely to reach pre-virus levels until the end of the year or later. U.S. crude stockpiles, meanwhile, probably expanded by 1.2 million barrels last week, [&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-406437","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\/406437","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=406437"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406437\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}