{"id":451354,"date":"2021-11-23T10:49:57","date_gmt":"2021-11-23T05:19:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451354"},"modified":"2021-11-23T11:52:46","modified_gmt":"2021-11-23T06:22:46","slug":"oil-prices-drop-amid-threat-of-demand-fall-due-to-covid-19-flare-up-in-europe","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-amid-threat-of-demand-fall-due-to-covid-19-flare-up-in-europe\/","title":{"rendered":"Oil prices drop amid threat of demand fall due to Covid-19 flare up in Europe"},"content":{"rendered":"<p>Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk that the United States, Japan and India will release crude reserves to tame prices despite the threat of demand faltering as Covid-19 cases flare up in Europe. <\/p>\n<p>The US Department of Energy is expected to announce an oil loan from the Strategic Petroleum Reserve on Tuesday, and will be coordinated with other countries, a Biden administration source familiar with the situation said. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell 43 cents, or 0.6 per cent, to $76.32 a barrel at 6.58 am. Brent crude futures fell 30 cents, or 0.4 per cent, to $79.40 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk that the United States, Japan and India will release crude reserves to tame prices despite the threat of demand faltering as Covid-19 cases flare up in Europe. The US Department of Energy is expected to announce an oil loan from the Strategic Petroleum Reserve on Tuesday, and will be coordinated with other countries, a Biden administration source familiar with the situation said. US West Texas Intermediate (WTI) crude futures fell 43 cents, or 0.6 per cent, to $76.32 a barrel at 6.58 am. Brent crude 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":[146,130,177],"tags":[],"class_list":["post-451354","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451354","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=451354"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451354\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}