{"id":410091,"date":"2021-04-09T10:53:29","date_gmt":"2021-04-09T05:23:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410091"},"modified":"2021-04-09T11:11:15","modified_gmt":"2021-04-09T05:41:15","slug":"oil-dips-with-record-india-virus-cases-imperiling-demand-revival","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-with-record-india-virus-cases-imperiling-demand-revival\/","title":{"rendered":"Oil dips with record India virus cases imperiling 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%, 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%, 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, particularly from [&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-410091","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\/410091","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=410091"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410091\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}