{"id":457459,"date":"2021-12-21T09:55:04","date_gmt":"2021-12-21T04:25:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=457459"},"modified":"2021-12-21T10:45:41","modified_gmt":"2021-12-21T05:15:41","slug":"oil-prices-slide-as-rapid-omicron-spread-dims-fuel-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-as-rapid-omicron-spread-dims-fuel-demand-outlook\/","title":{"rendered":"Oil prices slide as rapid Omicron spread dims fuel demand outlook"},"content":{"rendered":"<p>Oil prices slumped by $3.85 on Monday as surging cases of the Omicron coronavirus variant in Europe and the US stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand.<\/p>\n<p>Brent crude futures fell by $3.85, or 5.2 per cent, to $69.67 a barrel by 9.40 pm ist, while US West Texas Intermediate crude futures were down $4.51, or 6.4 per cent, at $66.35. <\/p>\n<p>\u201cSimply put, it is not a case of if but when governments impose tougher restrictions,\u201d Stephen Brennock of broker PVM said in a report.<\/p>\n<p>\u201cBoth crude markers are taking a sharp dive as the new week gets underway amid the prospect of a bigger-than-expected micron-spurred dent to global demand,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slumped by $3.85 on Monday as surging cases of the Omicron coronavirus variant in Europe and the US stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand. Brent crude futures fell by $3.85, or 5.2 per cent, to $69.67 a barrel by 9.40 pm ist, while US West Texas Intermediate crude futures were down $4.51, or 6.4 per cent, at $66.35. \u201cSimply put, it is not a case of if but when governments impose tougher restrictions,\u201d Stephen Brennock of broker PVM said in a report. \u201cBoth crude markers are taking a sharp [&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-457459","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\/457459","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=457459"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/457459\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=457459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=457459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=457459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}