{"id":431299,"date":"2021-08-19T08:45:37","date_gmt":"2021-08-19T03:15:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431299"},"modified":"2021-08-19T09:42:31","modified_gmt":"2021-08-19T04:12:31","slug":"oil-steadies-but-delta-variant-outbreaks-cloud-demand-prospects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steadies-but-delta-variant-outbreaks-cloud-demand-prospects\/","title":{"rendered":"Oil steadies but Delta variant outbreaks cloud demand prospects"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices steadied on Wednesday after four days of declines, with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of transport is constrained by surging COVID-19 cases worldwide. <\/p>\n<p>Brent crude was up about $1, or 1.4%, just above $70 a barrel by 1125 GMT. U.S. WTI crude oil gained 84 cents, or 1.25%, to $67.43.<\/p>\n<p>&#8220;In the short-term, the oil market may be volatile with frequent pull-backs as crude prices are beginning to struggle as demand in Europe and India faces headwinds,&#8221; said Avtar Sandu at Phillip Futures in Singapore.<\/p>\n<p>A stronger dollar was also hitting commodities across the board, with metals and gold in particular looking &#8220;equally fragile&#8221; as oil, ANZ Research said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices steadied on Wednesday after four days of declines, with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of transport is constrained by surging COVID-19 cases worldwide. Brent crude was up about $1, or 1.4%, just above $70 a barrel by 1125 GMT. U.S. WTI crude oil gained 84 cents, or 1.25%, to $67.43. &#8220;In the short-term, the oil market may be volatile with frequent pull-backs as crude prices are beginning to struggle as demand in Europe and India faces headwinds,&#8221; said Avtar Sandu at Phillip Futures [&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-431299","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\/431299","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=431299"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431299\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}