{"id":415170,"date":"2021-05-15T10:58:26","date_gmt":"2021-05-15T05:28:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415170"},"modified":"2021-05-15T12:51:19","modified_gmt":"2021-05-15T07:21:19","slug":"oil-drops-as-indias-covid-crisis-puts-brakes-on-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-as-indias-covid-crisis-puts-brakes-on-rally\/","title":{"rendered":"Oil drops as India&#8217;s COVID crisis puts brakes on rally"},"content":{"rendered":"<p>Oil prices fell 1% on Thursday as India&#8217;s coronavirus crisis deepened, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand.<\/p>\n<p>Brent crude was down 74 cents, or 1.1%, at $68.58 a barrel by 0655 GMT, after rising 1% on Wednesday. West Texas Intermediate (WTI) was down 75 cents, or 1.1%, to $65.33 a barrel, having risen 1.2% 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 1% on Thursday as India&#8217;s coronavirus crisis deepened, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand. Brent crude was down 74 cents, or 1.1%, at $68.58 a barrel by 0655 GMT, after rising 1% on Wednesday. West Texas Intermediate (WTI) was down 75 cents, or 1.1%, to $65.33 a barrel, having risen 1.2% in the previous session. &#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 [&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":[139,130,187],"tags":[],"class_list":["post-415170","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415170","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=415170"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415170\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}