{"id":411274,"date":"2021-04-20T08:07:02","date_gmt":"2021-04-20T02:37:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411274"},"modified":"2021-04-20T08:44:50","modified_gmt":"2021-04-20T03:14:50","slug":"oil-steadies-as-dollar-slumps-but-covid-19-pandemic-surge-weighs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steadies-as-dollar-slumps-but-covid-19-pandemic-surge-weighs\/","title":{"rendered":"Oil steadies as dollar slumps but Covid-19 pandemic surge weighs"},"content":{"rendered":"<p>Oil prices were little changed on Monday, supported by a weaker US dollar but pressured by concerns about the impact on demand from rising coronavirus cases in India and other countries.<\/p>\n<p>Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week. West Texas Intermediate (WTI) US oil was up 3 cents at $63.16 a barrel, having gained 6.4% last week. <\/p>\n<p>The US dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks. <\/p>\n<p>With oil priced in dollars, a softer greenback could spur demand from holders of other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed on Monday, supported by a weaker US dollar but pressured by concerns about the impact on demand from rising coronavirus cases in India and other countries. Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week. West Texas Intermediate (WTI) US oil was up 3 cents at $63.16 a barrel, having gained 6.4% last week. The US dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks. With oil priced in dollars, a [&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-411274","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\/411274","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=411274"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411274\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}