{"id":412394,"date":"2021-04-28T09:07:53","date_gmt":"2021-04-28T03:37:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412394"},"modified":"2021-04-28T09:35:56","modified_gmt":"2021-04-28T04:05:56","slug":"oil-rises-but-gains-capped-by-demand-concerns-as-india-reels-from-covid-19","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-but-gains-capped-by-demand-concerns-as-india-reels-from-covid-19\/","title":{"rendered":"Oil rises, but gains capped by demand concerns as India reels from Covid-19"},"content":{"rendered":"<p>Oil prices bounced back early on Tuesday from drops in the previous session, but gains were seen likely capped by growing concern about fuel demand in India, the world&#8217;s third-biggest crude importer now slammed by spiralling new coronavirus cases. <\/p>\n<p>Brent crude was up 26 cents, or 0.4 per cent, at $65.91 a barrel by 0141 GMT, after dropping 0.7 per cent on Monday. US oil gained 23 cents, or 0.4 per cent, to $62.14, having declined by the same amount the previous session.<\/p>\n<p>&#8220;There are clearly some concerns around the demand outlook, particularly over how the Covid-19 situation is developing in India,&#8221; ING Economics analysts said in a note. <\/p>\n<p>The Centre ordered the country&#8217;s military to help respond to the surging coronavirus infections, with countries including Britain, Germany and the United States promising aid as the emergency overwhelms hospitals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices bounced back early on Tuesday from drops in the previous session, but gains were seen likely capped by growing concern about fuel demand in India, the world&#8217;s third-biggest crude importer now slammed by spiralling new coronavirus cases. Brent crude was up 26 cents, or 0.4 per cent, at $65.91 a barrel by 0141 GMT, after dropping 0.7 per cent on Monday. US oil gained 23 cents, or 0.4 per cent, to $62.14, having declined by the same amount the previous session. &#8220;There are clearly some concerns around the demand outlook, particularly over how the Covid-19 situation is developing [&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-412394","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\/412394","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=412394"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412394\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}