{"id":411620,"date":"2021-04-23T09:17:10","date_gmt":"2021-04-23T03:47:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411620"},"modified":"2021-04-23T09:57:23","modified_gmt":"2021-04-23T04:27:23","slug":"oil-falls-3rd-day-on-us-stock-build-surging-covid-19-cases-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-3rd-day-on-us-stock-build-surging-covid-19-cases-2\/","title":{"rendered":"Oil falls 3rd day on US stock build, surging Covid-19 cases"},"content":{"rendered":"<p>Oil prices fell for a third day on Thursday as a surprise build in US crude inventories and a resurgence of Covid-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. <\/p>\n<p>Brent crude futures fell 57 cents, or 0.9 per cent, to $64.75 a barrel by 0157 GMT, following a drop of $1.25 on Wednesday. US West Texas Intermediate (WTI) crude futures were down 58 cents, or 1.0 per cent, at $60.77 a barrel, after losing $1.32 on Wednesday.<\/p>\n<p>Both contracts dropped more than 2 per cent on Wednesday, closing at their lowest since April 13. They are down more than 3 per cent so far this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for a third day on Thursday as a surprise build in US crude inventories and a resurgence of Covid-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. Brent crude futures fell 57 cents, or 0.9 per cent, to $64.75 a barrel by 0157 GMT, following a drop of $1.25 on Wednesday. US West Texas Intermediate (WTI) crude futures were down 58 cents, or 1.0 per cent, at $60.77 a barrel, after losing $1.32 on Wednesday. Both contracts dropped more than 2 per cent on Wednesday, closing at [&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":[146,130,177],"tags":[],"class_list":["post-411620","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411620","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=411620"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411620\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}