{"id":430726,"date":"2021-08-16T08:48:57","date_gmt":"2021-08-16T03:18:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430726"},"modified":"2021-08-16T09:39:24","modified_gmt":"2021-08-16T04:09:24","slug":"oil-slips-but-set-for-weekly-gain-despite-forecast-for-weaker-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-but-set-for-weekly-gain-despite-forecast-for-weaker-demand\/","title":{"rendered":"Oil slips but set for weekly gain despite forecast for weaker demand"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil fell on Friday, but was on track to post a slight weekly gain, broadly shrugging off a warning from the International Energy Agency that the spread of coronavirus variants is slowing oil demand. <\/p>\n<p>Global oil benchmark Brent crude was down 58 cents, or 0.8%, at $70.73 a barrel by 1:28 p.m. EDT (1728 GMT). U.S. West Intermediate crude lost 53 cents, or 0.8%, to trade at $68.56.<\/p>\n<p>Over the week, the benchmarks were still set for a slight gain, compared with sharp losses last week &#8211; a 6% drop in Brent marked its largest week of losses in four months, and WTI slumped nearly 7% in its biggest weekly decline in nine months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil fell on Friday, but was on track to post a slight weekly gain, broadly shrugging off a warning from the International Energy Agency that the spread of coronavirus variants is slowing oil demand. Global oil benchmark Brent crude was down 58 cents, or 0.8%, at $70.73 a barrel by 1:28 p.m. EDT (1728 GMT). U.S. West Intermediate crude lost 53 cents, or 0.8%, to trade at $68.56. Over the week, the benchmarks were still set for a slight gain, compared with sharp losses last week &#8211; a 6% drop in Brent marked its largest week of [&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-430726","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\/430726","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=430726"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430726\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}