{"id":414736,"date":"2021-05-13T09:19:04","date_gmt":"2021-05-13T03:49:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414736"},"modified":"2021-05-13T10:03:36","modified_gmt":"2021-05-13T04:33:36","slug":"oil-drops-as-india-covid-19-crisis-tempers-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-as-india-covid-19-crisis-tempers-rally\/","title":{"rendered":"Oil drops as India Covid-19 crisis tempers rally"},"content":{"rendered":"<p>Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world&#8217;s third-biggest importer of crude, tempered a rally driven by IEA and OPEC predictions that demand is coming back strong. <\/p>\n<p>Brent crude was down 32 cents, or 0.5 per cent, at $69.00 a barrel by 0715 IST, after gaining more than 1 per cent on Wednesday. West Texas Intermediate (WTI) was down 31 cents, or 0.5 per cent, to $65.77 a barrel, having risen 1.2 per cent in the previous session. <\/p>\n<p>&#8220;The path for crude prices appears to be higher but until the situation improves in India, WTI will probably struggle to break above the early March high,&#8221; Edward Moya, senior market analyst at OANDA, said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world&#8217;s third-biggest importer of crude, tempered a rally driven by IEA and OPEC predictions that demand is coming back strong. Brent crude was down 32 cents, or 0.5 per cent, at $69.00 a barrel by 0715 IST, after gaining more than 1 per cent on Wednesday. West Texas Intermediate (WTI) was down 31 cents, or 0.5 per cent, to $65.77 a barrel, having risen 1.2 per cent in the previous session. &#8220;The path for crude prices appears to be higher [&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-414736","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\/414736","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=414736"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414736\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}