{"id":431300,"date":"2021-08-19T08:46:39","date_gmt":"2021-08-19T03:16:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431300"},"modified":"2021-08-19T09:43:12","modified_gmt":"2021-08-19T04:13:12","slug":"oil-slides-as-us-crude-drawdown-faces-covid-19-surge-firmer-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-as-us-crude-drawdown-faces-covid-19-surge-firmer-dollar\/","title":{"rendered":"Oil slides as US crude drawdown faces Covid-19 surge, firmer dollar"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices dipped slightly on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide and on rising strength in the U.S. dollar. <\/p>\n<p>Brent crude was down 25 cents to $68.77 a barrel by 11:47 a.m. EDT (1547 GMT). U.S. WTI crude oil lost 41 cents to $66.17 a barrel.<\/p>\n<p>The U.S. dollar index was up 0.1%, hitting its highest level since April. Crude prices often move inversely to the dollar because the commodity is priced in dollars; when the U.S. currency rallies, it makes oil more expensive for foreign buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices dipped slightly on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide and on rising strength in the U.S. dollar. Brent crude was down 25 cents to $68.77 a barrel by 11:47 a.m. EDT (1547 GMT). U.S. WTI crude oil lost 41 cents to $66.17 a barrel. The U.S. dollar index was up 0.1%, hitting its highest level since April. Crude prices often move inversely to the dollar because the commodity is priced in dollars; when the U.S. currency rallies, it makes [&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-431300","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\/431300","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=431300"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431300\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}