{"id":430684,"date":"2021-08-16T08:36:23","date_gmt":"2021-08-16T03:06:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430684"},"modified":"2021-08-16T09:21:53","modified_gmt":"2021-08-16T03:51:53","slug":"oil-prices-fell-more-than-1-as-delta-surge-clouds-fuel-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fell-more-than-1-as-delta-surge-clouds-fuel-demand-outlook\/","title":{"rendered":"Oil prices fell more than 1% as Delta surge clouds fuel demand outlook"},"content":{"rendered":"<p>Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand.<\/p>\n<p>Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week. <\/p>\n<p>U.S. oil fell by 81 cents, or 1.2%, to $67.63 a barrel, having risen slightly last week.<\/p>\n<p>&#8220;Crude oil remained under pressure as the fast spreading Delta variant of the coronavirus casts a cloud over the outlook for demand,&#8221; ANZ Research said in a note.<\/p>\n<p>Official data from China on retail sales, industrial production and urban investment is expected to show that a recent tightening of coronavirus restrictions prompted declines in activity in the world&#8217;s second-biggest economy in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand. Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week. U.S. oil fell by 81 cents, or 1.2%, to $67.63 a barrel, having risen slightly last week. &#8220;Crude oil remained under pressure as the fast spreading Delta variant of the coronavirus casts a cloud over the outlook for demand,&#8221; ANZ Research said in a note. Official [&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-430684","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\/430684","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=430684"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430684\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}