{"id":411512,"date":"2021-04-22T11:00:29","date_gmt":"2021-04-22T05:30:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411512"},"modified":"2021-04-22T12:10:02","modified_gmt":"2021-04-22T06:40:02","slug":"oil-drops-toward-62-on-concern-resurgent-virus-will-sap-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-toward-62-on-concern-resurgent-virus-will-sap-demand\/","title":{"rendered":"Oil drops toward $62 on concern resurgent virus will sap demand"},"content":{"rendered":"<p>Oil fell amid concern a resurgent virus will hurt demand in some economies, and after data showed a slight build in US inventories. <\/p>\n<p>West Texas Intermediate was 0.5% lower in early Asian trading following a drop of more than 1% on Tuesday, when crude joined a broad-based retreat in equities and other commodities. The renewed spread of Covid-19 in countries such as India is casting a pall over the global economic rebound, even as signs of an improvement in energy demand elsewhere continue to pile up.<\/p>\n<p>Oil\u2019s value has risen more than a quarter this year as vaccines are rolled out, paving the way for a relaxation of lockdowns, greater economic activity, and increased mobility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell amid concern a resurgent virus will hurt demand in some economies, and after data showed a slight build in US inventories. West Texas Intermediate was 0.5% lower in early Asian trading following a drop of more than 1% on Tuesday, when crude joined a broad-based retreat in equities and other commodities. The renewed spread of Covid-19 in countries such as India is casting a pall over the global economic rebound, even as signs of an improvement in energy demand elsewhere continue to pile up. Oil\u2019s value has risen more than a quarter this year as vaccines are rolled [&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-411512","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\/411512","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=411512"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411512\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}