{"id":406636,"date":"2021-03-24T08:48:23","date_gmt":"2021-03-24T03:18:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406636"},"modified":"2021-03-24T09:37:16","modified_gmt":"2021-03-24T04:07:16","slug":"oil-tumbles-4-on-concerns-over-europe-restrictions-vaccine-rollouts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-tumbles-4-on-concerns-over-europe-restrictions-vaccine-rollouts\/","title":{"rendered":"Oil tumbles 4% on concerns over Europe restrictions, vaccine rollouts"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell more than 4% on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar. <\/p>\n<p>Brent crude futures were down by $2.55, or 3.95%, to $62.07 a barrel by 1455 GMT, having hit a low of $61.41. West Texas Intermediate (WTI) U.S. crude futures fell by $2.65, or 4.3%, to $58.91, after falling to as low as $58.47.<\/p>\n<p>Both contracts traded near lows not seen since Feb. 12.<\/p>\n<p>The front-month Brent spread flipped into a small contango for the first time since January.<\/p>\n<p>Contango is where the front-month contracts are cheaper than future months, and could encourage traders to put oil into storage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices fell more than 4% on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar. Brent crude futures were down by $2.55, or 3.95%, to $62.07 a barrel by 1455 GMT, having hit a low of $61.41. West Texas Intermediate (WTI) U.S. crude futures fell by $2.65, or 4.3%, to $58.91, after falling to as low as $58.47. Both contracts traded near lows not seen since Feb. 12. The front-month Brent spread flipped into a small contango for the first time since January. Contango is [&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-406636","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\/406636","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=406636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}