{"id":506259,"date":"2022-07-18T09:40:33","date_gmt":"2022-07-18T04:10:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=506259"},"modified":"2022-07-18T10:08:38","modified_gmt":"2022-07-18T04:38:38","slug":"oil-drops-as-chinas-rising-covid-cases-renew-fuel-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-as-chinas-rising-covid-cases-renew-fuel-demand-concerns\/","title":{"rendered":"Oil drops as China&#8217;s rising Covid cases renew fuel demand concerns"},"content":{"rendered":"<p>Oil prices fell $1 in early trading in Asia on Monday, cutting into gains from Friday, as attention turned back to rising COVID-19 cases in China and the prospect of lockdowns again reducing fuel demand in the world&#8217;s top oil importing nation.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures for August delivery dropped $1.54, or 1.6%, to $96.05 a barrel at 0055 GMT, after climbing 1.9% on Friday.<\/p>\n<p>Brent crude futures for September settlement fell $1.47, or 1.5%, to $99.69 a barrel, paring a 2.1% gain from Friday.<\/p>\n<p>China, the world&#8217;s second-largest oil consumer, on Sunday reported 691 new COVID cases for Saturday, up from 547 the previous day, with locally transmitted cases at the highest since May 23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell $1 in early trading in Asia on Monday, cutting into gains from Friday, as attention turned back to rising COVID-19 cases in China and the prospect of lockdowns again reducing fuel demand in the world&#8217;s top oil importing nation. U.S. West Texas Intermediate (WTI) crude futures for August delivery dropped $1.54, or 1.6%, to $96.05 a barrel at 0055 GMT, after climbing 1.9% on Friday. Brent crude futures for September settlement fell $1.47, or 1.5%, to $99.69 a barrel, paring a 2.1% gain from Friday. China, the world&#8217;s second-largest oil consumer, on Sunday reported 691 new COVID [&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-506259","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\/506259","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=506259"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/506259\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=506259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=506259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=506259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}