{"id":430701,"date":"2021-08-16T08:35:10","date_gmt":"2021-08-16T03:05:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430701"},"modified":"2021-08-16T09:23:36","modified_gmt":"2021-08-16T03:53:36","slug":"oil-holds-above-70-despite-forecasts-for-weaker-demand-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-above-70-despite-forecasts-for-weaker-demand-growth\/","title":{"rendered":"Oil holds above $70 despite forecasts for weaker demand growth"},"content":{"rendered":"<p>LONDON (Reuters) -The Brent benchmark oil price held above $70 a barrel on Friday, broadly shrugging off a warning from the International Energy Agency that the spread of coronavirus variants is slowing oil demand growth. <\/p>\n<p>Brent crude was down 18 cents, or 0.2%, at $71.13 a barrel by 1332 GMT. U.S. crude lost 14 cents, or 0.2%, to trade at $68.95. Over the week the benchmarks are up less than 1%. <\/p>\n<p>The IEA this week highlighted that growth in demand for crude oil ground to a halt in July and is set to rise at a slower pace over the rest of 2021 because of surging infections from the Delta variant of the coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -The Brent benchmark oil price held above $70 a barrel on Friday, broadly shrugging off a warning from the International Energy Agency that the spread of coronavirus variants is slowing oil demand growth. Brent crude was down 18 cents, or 0.2%, at $71.13 a barrel by 1332 GMT. U.S. crude lost 14 cents, or 0.2%, to trade at $68.95. Over the week the benchmarks are up less than 1%. The IEA this week highlighted that growth in demand for crude oil ground to a halt in July and is set to rise at a slower pace over the [&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-430701","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\/430701","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=430701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}