{"id":410179,"date":"2021-04-09T12:04:48","date_gmt":"2021-04-09T06:34:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410179"},"modified":"2021-04-09T12:47:35","modified_gmt":"2021-04-09T07:17:35","slug":"oil-drops-as-covid-19-pandemic-setbacks-in-india-canada-menace-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-as-covid-19-pandemic-setbacks-in-india-canada-menace-demand\/","title":{"rendered":"Oil drops as Covid-19 pandemic setbacks in India, Canada menace demand"},"content":{"rendered":"<p>Oil fell as the pandemic worsened in key regions, with Indian cases spiking and Canada\u2019s most populous province declaring a state of emergency just as OPEC+ prepares to add supply over the coming months.<\/p>\n<p>West Texas Intermediate sank as much as 0.9%, snapping a two-day gain. India, the world\u2019s third-biggest oil importer, reported a record number of daily coronavirus cases above 126,000, with states facing a vaccine shortage. In Ontario, officials issued a stay-at-home advisory that\u2019ll remain in place for four weeks to tackle a new, more dangerous wave. Elsewhere, the Tokyo government is weighing stricter curbs as a more contagious variant spreads.<\/p>\n<p>Crude has traded in a narrow band around $60 since mid-March. Although signs of improving vaccine-aided consumption have supported prices, fresh Covid-19 outbreaks and renewed lockdowns have acted as a counterweight. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell as the pandemic worsened in key regions, with Indian cases spiking and Canada\u2019s most populous province declaring a state of emergency just as OPEC+ prepares to add supply over the coming months. West Texas Intermediate sank as much as 0.9%, snapping a two-day gain. India, the world\u2019s third-biggest oil importer, reported a record number of daily coronavirus cases above 126,000, with states facing a vaccine shortage. In Ontario, officials issued a stay-at-home advisory that\u2019ll remain in place for four weeks to tackle a new, more dangerous wave. Elsewhere, the Tokyo government is weighing stricter curbs as a more [&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":[141,130,183],"tags":[],"class_list":["post-410179","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\/410179","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=410179"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410179\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}