{"id":410012,"date":"2021-04-09T07:44:14","date_gmt":"2021-04-09T02:14:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410012"},"modified":"2021-04-09T08:23:51","modified_gmt":"2021-04-09T02:53:51","slug":"oil-price-dips-as-record-covid-19-cases-in-india-imperil-demand-revival","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-dips-as-record-covid-19-cases-in-india-imperil-demand-revival\/","title":{"rendered":"Oil price dips as record Covid-19 cases in India imperil demand revival"},"content":{"rendered":"<p>Oil fell as bearish virus news from India to Japan underpinned the outlook for a staggered recovery in consumption. <\/p>\n<p>West Texas Intermediate slid 0.6 per cent, though remains within the $5 range it has traded in since mid-March. India, the world\u2019s No. 3 oil importer, reported a record number of daily coronavirus cases, with states facing a vaccine shortage. In Ontario, officials issued a stay-at-home advisory, while the Tokyo government is weighing stricter curbs as a more contagious variant spreads. <\/p>\n<p>Crude has been stuck in a narrow band around $60 in recent weeks. While a string of positive economic figures, particularly from the US, has buoyed sentiment, fresh Covid-19 outbreaks and renewed lockdowns have acted as a counterweight. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell as bearish virus news from India to Japan underpinned the outlook for a staggered recovery in consumption. West Texas Intermediate slid 0.6 per cent, though remains within the $5 range it has traded in since mid-March. India, the world\u2019s No. 3 oil importer, reported a record number of daily coronavirus cases, with states facing a vaccine shortage. In Ontario, officials issued a stay-at-home advisory, while the Tokyo government is weighing stricter curbs as a more contagious variant spreads. Crude has been stuck in a narrow band around $60 in recent weeks. While a string of positive economic figures, [&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-410012","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\/410012","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=410012"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410012\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}