{"id":415529,"date":"2021-05-18T08:50:09","date_gmt":"2021-05-18T03:20:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415529"},"modified":"2021-05-18T09:32:52","modified_gmt":"2021-05-18T04:02:52","slug":"oil-prices-dip-but-recovery-limits-fall-after-fresh-asian-restrictions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-dip-but-recovery-limits-fall-after-fresh-asian-restrictions\/","title":{"rendered":"Oil prices dip but recovery limits fall after fresh Asian restrictions"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices edged lower Monday as underwhelming Chinese manufacturing data and fresh restrictions in Asia sparked by surging COVID-19 cases weighed on sentiment, although European economic reopenings lent some support. <\/p>\n<p>Brent crude fell 30 cents, or 0.4%, to $68.41 a barrel at 1302 GMT, and West Texas Intermediate (WTI) U.S. crude was down by 34 cents, or 0.5%, at $65.03. <\/p>\n<p>&#8220;The market is seemingly trapped between observing encouraging improvements in demand in the United States and Europe, and the sluggishness in consumption due to the persistence of COVID-19 in Asia,&#8221; said StoneX analyst Kevin Solomon. <\/p>\n<p>The British economy reopened on Monday, giving 65 million people a measure of freedom after the gloom of a four-month COVID-19 lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices edged lower Monday as underwhelming Chinese manufacturing data and fresh restrictions in Asia sparked by surging COVID-19 cases weighed on sentiment, although European economic reopenings lent some support. Brent crude fell 30 cents, or 0.4%, to $68.41 a barrel at 1302 GMT, and West Texas Intermediate (WTI) U.S. crude was down by 34 cents, or 0.5%, at $65.03. &#8220;The market is seemingly trapped between observing encouraging improvements in demand in the United States and Europe, and the sluggishness in consumption due to the persistence of COVID-19 in Asia,&#8221; said StoneX analyst Kevin Solomon. The British economy [&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-415529","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\/415529","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=415529"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415529\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}