{"id":429308,"date":"2021-08-06T08:49:21","date_gmt":"2021-08-06T03:19:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=429308"},"modified":"2021-08-06T10:20:13","modified_gmt":"2021-08-06T04:50:13","slug":"oil-prices-drop-towards-70-as-covid-pandemic-concerns-weigh-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-towards-70-as-covid-pandemic-concerns-weigh-2\/","title":{"rendered":"Oil prices drop towards $70 as Covid pandemic concerns weigh"},"content":{"rendered":"<p>Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases, though Middle East tensions offered support.<\/p>\n<p>Japan is poised to expand emergency restrictions to more prefectures while China, the world&#8217;s second-largest oil consumer, has imposed restrictions in some cities and cancelled flights, threatening fuel demand. <\/p>\n<p>Brent crude oil futures dropped by 38 cents, or 0.54%, to $70 a barrel by 0837 GMT after dipping below that threshold for the first time since July 21.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures fell by 34 cents, or 0.5%, to $67.81. Both benchmarks fell by more than $2 a barrel on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined towards $70 a barrel on Thursday as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases, though Middle East tensions offered support. Japan is poised to expand emergency restrictions to more prefectures while China, the world&#8217;s second-largest oil consumer, has imposed restrictions in some cities and cancelled flights, threatening fuel demand. Brent crude oil futures dropped by 38 cents, or 0.54%, to $70 a barrel by 0837 GMT after dipping below that threshold for the first time since July 21. U.S. West Texas Intermediate (WTI) crude futures fell by 34 cents, or 0.5%, [&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-429308","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\/429308","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=429308"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429308\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=429308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=429308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=429308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}