{"id":411413,"date":"2021-04-22T08:28:40","date_gmt":"2021-04-22T02:58:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411413"},"modified":"2021-04-22T09:07:30","modified_gmt":"2021-04-22T03:37:30","slug":"oil-prices-fall-as-indias-covid-19-surge-dents-fuel-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-indias-covid-19-surge-dents-fuel-demand-outlook\/","title":{"rendered":"Oil prices fall as India&#8217;s Covid-19 surge dents fuel demand outlook"},"content":{"rendered":"<p>Oil prices fell for a second day on Wednesday, heading for their biggest daily drop in more than two weeks and weighed down by concerns that surging 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 declined $1.14, or 1.7%, to $65.43 a barrel at 1250 GMT. U.S. West Texas Intermediate (WTI) crude futures for June fell $1.28, or 2%, to $61.39 a barrel. The May contract expired on Tuesday down 1.5%. <\/p>\n<p>&#8220;Demand jitters were thrust back into the spotlight yesterday amid a sharp rise in global coronavirus cases. Nowhere is this more obvious than in India,&#8221; PVM analysts said.<\/p>\n<p>India, also the world&#8217;s third-largest oil user, on Wednesday reported another record increase in the daily death toll from COVID-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for a second day on Wednesday, heading for their biggest daily drop in more than two weeks and weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world&#8217;s third-biggest oil importer. Brent crude futures for June declined $1.14, or 1.7%, to $65.43 a barrel at 1250 GMT. U.S. West Texas Intermediate (WTI) crude futures for June fell $1.28, or 2%, to $61.39 a barrel. The May contract expired on Tuesday down 1.5%. &#8220;Demand jitters were thrust back into the spotlight yesterday amid a sharp rise in global coronavirus cases. [&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-411413","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\/411413","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=411413"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411413\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}