{"id":412200,"date":"2021-04-27T09:00:45","date_gmt":"2021-04-27T03:30:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412200"},"modified":"2021-04-27T09:26:44","modified_gmt":"2021-04-27T03:56:44","slug":"oil-falls-as-indias-covid-19-surge-to-weigh-on-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-indias-covid-19-surge-to-weigh-on-fuel-demand\/","title":{"rendered":"Oil falls as India&#8217;s Covid-19 surge to weigh on fuel demand"},"content":{"rendered":"<p>Oil prices fell on Monday on fears that surging Covid-19 cases in India will drive down fuel demand in the world&#8217;s third biggest oil importer and as investors adjusted positions ahead of a planned increase in OPEC+ oil output from May. <\/p>\n<p>Brent crude futures dropped 38 cents, or 0.6 per cent, to $65.73 a barrel by 0507 GMT, following a 1.1 per cent rise on Friday. U.S. West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.5 per cent, at $61.83 a barrel, after rising 1.2 per cent on Friday.<\/p>\n<p>Both benchmark crudes fell about 1 per cent last week. <\/p>\n<p>&#8220;Market sentiment was dented on worries that surging number of Covid-19 cases in some countries, especially in India, will slash fuel demand,&#8221; Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday on fears that surging Covid-19 cases in India will drive down fuel demand in the world&#8217;s third biggest oil importer and as investors adjusted positions ahead of a planned increase in OPEC+ oil output from May. Brent crude futures dropped 38 cents, or 0.6 per cent, to $65.73 a barrel by 0507 GMT, following a 1.1 per cent rise on Friday. U.S. West Texas Intermediate (WTI) crude futures were down 31 cents, or 0.5 per cent, at $61.83 a barrel, after rising 1.2 per cent on Friday. Both benchmark crudes fell about 1 per cent [&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-412200","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\/412200","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=412200"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412200\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}