{"id":426846,"date":"2021-07-22T08:22:33","date_gmt":"2021-07-22T02:52:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426846"},"modified":"2021-07-22T09:36:09","modified_gmt":"2021-07-22T04:06:09","slug":"oil-prices-resume-drop-as-covid-pandemic-and-supply-concerns-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-resume-drop-as-covid-pandemic-and-supply-concerns-weigh\/","title":{"rendered":"Oil prices resume drop as Covid pandemic and supply concerns weigh"},"content":{"rendered":"<p>Oil dropped towards $68 a barrel on Tuesday, extending the previous session&#8217;s steep slide, pressured by concern that rising COVID-19 infections could weaken demand again just when OPEC+ is increasing supply.<\/p>\n<p>Monday&#8217;s selloff had pushed oil to a two-month low and hit other riskier assets. While equities avoided a new selloff on Tuesday, U.S. Treasury and German bond yields also slipped as a reminder that investors remained worried. <\/p>\n<p>&#8220;As things stand, it is hard to see prices staging a comeback unless virus jitters are brought back under control,&#8221; said Stephen Brennock of oil broker PVM.<\/p>\n<p>&#8220;The market is clearly unsettled about the demand outlook.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil dropped towards $68 a barrel on Tuesday, extending the previous session&#8217;s steep slide, pressured by concern that rising COVID-19 infections could weaken demand again just when OPEC+ is increasing supply. Monday&#8217;s selloff had pushed oil to a two-month low and hit other riskier assets. While equities avoided a new selloff on Tuesday, U.S. Treasury and German bond yields also slipped as a reminder that investors remained worried. &#8220;As things stand, it is hard to see prices staging a comeback unless virus jitters are brought back under control,&#8221; said Stephen Brennock of oil broker PVM. &#8220;The market is clearly unsettled [&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-426846","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\/426846","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=426846"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426846\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}