{"id":429084,"date":"2021-08-05T08:49:25","date_gmt":"2021-08-05T03:19:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=429084"},"modified":"2021-08-05T09:39:36","modified_gmt":"2021-08-05T04:09:36","slug":"oil-prices-fall-as-coronavirus-delta-variant-spread-weighs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-coronavirus-delta-variant-spread-weighs\/","title":{"rendered":"Oil prices fall as coronavirus Delta variant spread weighs"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices fell on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast geopolitical tensions and a fall in U.S. inventories. <\/p>\n<p>Brent crude oil futures were down 67 cents, or 0.9%, to $71.74 a barrel by 1144 GMT. U.S. West Texas Intermediate (WTI) crude fell 86 cents, or 1.2%, to $69.70 a barrel.<\/p>\n<p>&#8220;Worries continue to grow over the spread of the Delta variant in China, which has weighed heavily on oil prices in recent days,&#8221; analysts at bank ING said.<\/p>\n<p>The United States and China, the world&#8217;s two biggest oil consumers, are grappling with rapidly spreading outbreaks of the highly contagious Delta variant that analysts fear will limit fuel demand at a time when it traditionally rises in both countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices fell on Wednesday as the spread of the coronavirus Delta variant in top consuming countries outweighed Mideast geopolitical tensions and a fall in U.S. inventories. Brent crude oil futures were down 67 cents, or 0.9%, to $71.74 a barrel by 1144 GMT. U.S. West Texas Intermediate (WTI) crude fell 86 cents, or 1.2%, to $69.70 a barrel. &#8220;Worries continue to grow over the spread of the Delta variant in China, which has weighed heavily on oil prices in recent days,&#8221; analysts at bank ING said. The United States and China, the world&#8217;s two biggest oil consumers, [&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-429084","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\/429084","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=429084"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429084\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=429084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=429084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=429084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}