{"id":419376,"date":"2021-06-09T08:50:16","date_gmt":"2021-06-09T03:20:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=419376"},"modified":"2021-06-09T09:25:33","modified_gmt":"2021-06-09T03:55:33","slug":"oil-prices-extend-losses-on-profit-taking-and-a-stronger-us-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-extend-losses-on-profit-taking-and-a-stronger-us-dollar\/","title":{"rendered":"Oil prices extend losses on profit taking and a stronger US dollar"},"content":{"rendered":"<p>Oil prices extended losses on Tuesday on profit taking and a stronger U.S. dollar, but overall optimism about recovering demand kept a floor under prices.<\/p>\n<p>Brent crude was down 37 cents, or 0.5%, at $71.12 a barrel by 1335 GMT, after declining 0.6% on Monday. U.S. West Texas Intermediate oil was off by 27 cents, or 0.4%, at $68.96 a barrel, having dropped by 0.6% in the previous session. <\/p>\n<p>&#8220;A previous price surge that was probably premature, coupled with a stronger U.S. dollar and a correction on the stock markets, are weighing on oil prices,&#8221; Commerzbank said.<\/p>\n<p>As oil is priced in dollars, a stronger greenback makes crude more expensive for buyers with other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended losses on Tuesday on profit taking and a stronger U.S. dollar, but overall optimism about recovering demand kept a floor under prices. Brent crude was down 37 cents, or 0.5%, at $71.12 a barrel by 1335 GMT, after declining 0.6% on Monday. U.S. West Texas Intermediate oil was off by 27 cents, or 0.4%, at $68.96 a barrel, having dropped by 0.6% in the previous session. &#8220;A previous price surge that was probably premature, coupled with a stronger U.S. dollar and a correction on the stock markets, are weighing on oil prices,&#8221; Commerzbank said. As oil is [&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-419376","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\/419376","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=419376"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419376\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=419376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=419376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=419376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}