{"id":536213,"date":"2022-11-15T09:49:05","date_gmt":"2022-11-15T04:19:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=536213"},"modified":"2022-11-15T11:17:42","modified_gmt":"2022-11-15T05:47:42","slug":"oil-prices-fall-1-on-surging-covid-cases-in-china-firmer-us-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-1-on-surging-covid-cases-in-china-firmer-us-dollar\/","title":{"rendered":"Oil prices fall $1 on surging Covid cases in China, firmer US dollar"},"content":{"rendered":"<p>Oil prices fell on Monday, dragged down by a firmer US dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world&#8217;s biggest crude importer. Brent crude futures were down $1.01, or 1.1%, at $94.98 a barrel by 1030 GMT after gaining 1.1% on Friday. WTI crude futures fell $1.11, or 1.3%, to $87.85 after advancing 2.9% on Friday. <\/p>\n<p>&#8220;US dollar strength appears to be weighing on oil and the broader commodities complex this afternoon,&#8221; said Warren Patterson, head of commodities strategy at ING. <\/p>\n<p>&#8220;There probably is also an element where the market got a bit ahead of itself on Friday following an easing in China&#8217;s Covid-related quarantine measures.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday, dragged down by a firmer US dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world&#8217;s biggest crude importer. Brent crude futures were down $1.01, or 1.1%, at $94.98 a barrel by 1030 GMT after gaining 1.1% on Friday. WTI crude futures fell $1.11, or 1.3%, to $87.85 after advancing 2.9% on Friday. &#8220;US dollar strength appears to be weighing on oil and the broader commodities complex this afternoon,&#8221; said Warren Patterson, head of commodities strategy at ING. &#8220;There probably is also an element where the [&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-536213","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\/536213","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=536213"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536213\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=536213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=536213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=536213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}