{"id":411314,"date":"2021-04-20T09:32:52","date_gmt":"2021-04-20T04:02:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411314"},"modified":"2021-04-20T11:35:05","modified_gmt":"2021-04-20T06:05:05","slug":"oil-climbs-as-dollar-slumps-but-pandemic-surge-weighs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-as-dollar-slumps-but-pandemic-surge-weighs\/","title":{"rendered":"Oil climbs as dollar slumps but pandemic surge weighs"},"content":{"rendered":"<p>NEW YORK: Oil prices edged higher on Monday, supported by a weaker US dollar but concerns about the impact on demand from rising coronavirus cases in India and other countries capped gains.<\/p>\n<p>Brent crude was up 25 cents, or 0.4%, at $67.02 a barrel by 12:57 p.m. ET (1657 GMT), after rising 6% last week. West Texas Intermediate (WTI) US oil was up 22 cents, or 0.4%, at $63.35 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>NEW YORK: Oil prices edged higher on Monday, supported by a weaker US dollar but concerns about the impact on demand from rising coronavirus cases in India and other countries capped gains. Brent crude was up 25 cents, or 0.4%, at $67.02 a barrel by 12:57 p.m. ET (1657 GMT), after rising 6% last week. West Texas Intermediate (WTI) US oil was up 22 cents, or 0.4%, at $63.35 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 [&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":[130,191,136],"tags":[],"class_list":["post-411314","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411314","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=411314"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411314\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}