{"id":411411,"date":"2021-04-22T08:27:04","date_gmt":"2021-04-22T02:57:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411411"},"modified":"2021-04-22T09:06:59","modified_gmt":"2021-04-22T03:36:59","slug":"oil-falls-for-second-day-as-indias-covid-19-surge-to-dent-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-for-second-day-as-indias-covid-19-surge-to-dent-fuel-demand\/","title":{"rendered":"Oil falls for second day as India&#8217;s Covid-19 surge to dent fuel demand"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world&#8217;s third biggest oil importer. <\/p>\n<p>Brent crude futures for June fell 52 cents, or 0.8%, to $66.05 a barrel at 0157 GMT, after dropping 48 cents on Tuesday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures for June fell 56 cents, or 0.9%, to $62.11 a barrel. The May contract expired on Tuesday down 1.5% at $62.44.<\/p>\n<p>&#8220;You&#8217;ve seen refiners there (in India) scale back runs because demand has fallen with the spread of lockdowns. That&#8217;s clearly weighing on the market and sentiment,&#8221; said Lachlan Shaw, head of commodity research at National Australia Bank .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices fell for a second day on Wednesday on concerns that soaring COVID-19 cases in India will drive down fuel demand in the world&#8217;s third biggest oil importer. Brent crude futures for June fell 52 cents, or 0.8%, to $66.05 a barrel at 0157 GMT, after dropping 48 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures for June fell 56 cents, or 0.9%, to $62.11 a barrel. The May contract expired on Tuesday down 1.5% at $62.44. &#8220;You&#8217;ve seen refiners there (in India) scale back runs because demand has fallen with the spread of [&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-411411","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\/411411","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=411411"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411411\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}