{"id":453014,"date":"2021-12-01T08:45:14","date_gmt":"2021-12-01T03:15:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453014"},"modified":"2021-12-01T10:05:47","modified_gmt":"2021-12-01T04:35:47","slug":"oil-prices-decline-nearly-5-on-jitters-over-vaccine-efficacy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-decline-nearly-5-on-jitters-over-vaccine-efficacy\/","title":{"rendered":"Oil prices decline nearly 5% on jitters over vaccine efficacy"},"content":{"rendered":"<p>Oil prices tumbled nearly 5% on Tuesday after Moderna&#8217;s chief cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to worries about oil demand.<\/p>\n<p>The head of drugmaker Moderna told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been against the Delta variant. <\/p>\n<p>Brent crude futures fell $2.76, or 3.76%, to $70.68 a barrel at 1338 GMT after slipping to an intraday low of $70.22, their lowest since late August.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures fell $2.86, or 4%, close to $67 a barrel, after falling to a session low of $66.51.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices tumbled nearly 5% on Tuesday after Moderna&#8217;s chief cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to worries about oil demand. The head of drugmaker Moderna told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been against the Delta variant. Brent crude futures fell $2.76, or 3.76%, to $70.68 a barrel at 1338 GMT after slipping to an intraday low of $70.22, their lowest since late August. U.S. West Texas Intermediate (WTI) 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":[135,130,169],"tags":[],"class_list":["post-453014","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\/453014","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=453014"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453014\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}