{"id":411347,"date":"2021-04-20T11:46:41","date_gmt":"2021-04-20T06:16:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411347"},"modified":"2021-04-20T13:44:02","modified_gmt":"2021-04-20T08:14:02","slug":"oil-climbs-as-dollar-slumps-gains-capped-by-covid-19-pandemic-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-as-dollar-slumps-gains-capped-by-covid-19-pandemic-surge\/","title":{"rendered":"Oil climbs as dollar slumps; gains capped by Covid-19 pandemic surge"},"content":{"rendered":"<p>Oil prices edged higher on Monday, supported by a weaker US dollar but gains were capped by concerns about the impact on demand from rising coronavirus cases in India. <\/p>\n<p>Brent crude settled up 28 cents, or 0.4%, at $67.05 a barrel, after rising 6% last week. West Texas Intermediate (WTI) US oil ended the session up 25 cents, or 0.4%, at $63.38 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>A weaker dollar makes oil cheaper for holders of other currencies. However, Covid-19 cases have surged in India, the world&#8217;s third biggest oil importer and consumer, dampening optimism for a sustained global recovery in demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Monday, supported by a weaker US dollar but gains were capped by concerns about the impact on demand from rising coronavirus cases in India. Brent crude settled up 28 cents, or 0.4%, at $67.05 a barrel, after rising 6% last week. West Texas Intermediate (WTI) US oil ended the session up 25 cents, or 0.4%, at $63.38 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. A weaker dollar makes oil cheaper for holders [&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":[141,130,183],"tags":[],"class_list":["post-411347","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\/411347","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=411347"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411347\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}