{"id":413304,"date":"2021-05-04T08:45:22","date_gmt":"2021-05-04T03:15:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413304"},"modified":"2021-05-04T09:05:09","modified_gmt":"2021-05-04T03:35:09","slug":"oil-drops-towards-66-as-india-demand-concerns-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-towards-66-as-india-demand-concerns-weigh\/","title":{"rendered":"Oil drops towards $66 as India demand concerns weigh"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States. <\/p>\n<p>India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world&#8217;s third-largest consumer in April. <\/p>\n<p>Brent crude fell 31 cents, or 0.5%, to $66.45 a barrel by 0815 GMT. U.S. West Texas Intermediate was down 19 cents, or 0.3%, at $63.39. <\/p>\n<p>&#8220;There is no doubt that India plays a major role when we talk about oil demand, and the fact that the country is suffering from its worst coronavirus period is making investors nervous about oil prices,&#8221; said Avatrade analyst Naeem Aslam.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States. India on Monday reported more than 300,000 new coronavirus cases for a 12th straight day. The new wave of the virus has already led to a drop in fuel sales in the world&#8217;s third-largest consumer in April. Brent crude fell 31 cents, or 0.5%, to $66.45 a barrel by 0815 GMT. U.S. West Texas Intermediate was down 19 cents, or 0.3%, at $63.39. [&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-413304","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\/413304","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=413304"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413304\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}