{"id":415037,"date":"2021-05-15T09:36:16","date_gmt":"2021-05-15T04:06:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415037"},"modified":"2021-05-15T11:17:54","modified_gmt":"2021-05-15T05:47:54","slug":"oil-extends-loss-on-india-covid-19-cases-us-pipeline-restart","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-loss-on-india-covid-19-cases-us-pipeline-restart\/","title":{"rendered":"Oil extends loss on India Covid-19 cases, US pipeline restart"},"content":{"rendered":"<p>Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack. <\/p>\n<p>Brent crude oil futures were down 35 cents, or 0.5%, at $66.70 a barrel by 0200 GMT, while West Texas Intermediate (WTI) was down 28 cents, or 0.4%, at $63.54 a barrel.<\/p>\n<p>&#8220;The commodity supercycle rally just hit a hard stop and the energy market doesn&#8217;t know what to make of Wall Street&#8217;s fixation over inflation and the slow flattening of the curve in India,&#8221; said Edward Moya, senior market analyst at OANDA. India is the world&#8217;s third-biggest oil consumer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack. Brent crude oil futures were down 35 cents, or 0.5%, at $66.70 a barrel by 0200 GMT, while West Texas Intermediate (WTI) was down 28 cents, or 0.4%, at $63.54 a barrel. &#8220;The commodity supercycle rally just hit a hard stop and the energy market doesn&#8217;t know what to make of Wall Street&#8217;s fixation over inflation and the [&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-415037","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\/415037","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=415037"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415037\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}