{"id":407165,"date":"2021-03-26T10:23:01","date_gmt":"2021-03-26T04:53:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407165"},"modified":"2021-03-26T10:23:01","modified_gmt":"2021-03-26T04:53:01","slug":"oil-set-for-weekly-loss-in-wild-week-with-suez-ship-still-stuck","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-set-for-weekly-loss-in-wild-week-with-suez-ship-still-stuck\/","title":{"rendered":"Oil set for weekly loss in wild week with Suez ship still stuck"},"content":{"rendered":"<p>Oil was poised for a third weekly decline amid near-term demand concerns after a volatile few days that saw prices swing wildly around $60 a barrel, while a massive container ship remains stuck in the Suez Canal.<\/p>\n<p>Futures in New York edged higher Friday but are still down more than 4% this week after U.S. coronavirus cases started to rise again and some European countries renewed lockdowns in a setback for the recovery. Volatility in the oil market has climbed to the highest since November and the prompt timespread for global Brent crude flipped briefly into a bearish structure on Tuesday.<\/p>\n<p>A super dredger is the new tool being used to try and dislodge the ship in the Suez Canal, which is a key artery for crude and oil product flows. The blockage has led to rising shipping rates and a gridlock of vessels waiting to pass.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil was poised for a third weekly decline amid near-term demand concerns after a volatile few days that saw prices swing wildly around $60 a barrel, while a massive container ship remains stuck in the Suez Canal. Futures in New York edged higher Friday but are still down more than 4% this week after U.S. coronavirus cases started to rise again and some European countries renewed lockdowns in a setback for the recovery. Volatility in the oil market has climbed to the highest since November and the prompt timespread for global Brent crude flipped briefly into a bearish structure on [&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-407165","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\/407165","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=407165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}