{"id":407033,"date":"2021-03-25T11:17:39","date_gmt":"2021-03-25T05:47:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407033"},"modified":"2021-03-25T13:19:43","modified_gmt":"2021-03-25T07:49:43","slug":"oil-gets-suez-blockage-bounce-following-demand-driven-sell-off","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gets-suez-blockage-bounce-following-demand-driven-sell-off\/","title":{"rendered":"Oil gets Suez blockage bounce following demand-driven sell-off"},"content":{"rendered":"<p>Oil climbed as investors assessed the impact on global crude flows after a ship ran aground and blocked the Suez Canal, following a sell-off that\u2019s driven prices to the lowest level since early February. <\/p>\n<p>Futures in New York added 1% after news of the grounding, giving the market a reprieve amid mounting signs of weakness. Oil prices slumped below $60 a barrel on Tuesday and have tumbled more than 12% in less than two weeks on a series of factors including softening physical demand and the unwinding of long positions. The prompt timespread for global Brent crude has also flipped into a bearish structure for the first time since January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil climbed as investors assessed the impact on global crude flows after a ship ran aground and blocked the Suez Canal, following a sell-off that\u2019s driven prices to the lowest level since early February. Futures in New York added 1% after news of the grounding, giving the market a reprieve amid mounting signs of weakness. Oil prices slumped below $60 a barrel on Tuesday and have tumbled more than 12% in less than two weeks on a series of factors including softening physical demand and the unwinding of long positions. The prompt timespread for global Brent crude has also flipped [&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":[141,130,183],"tags":[],"class_list":["post-407033","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407033","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=407033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}