{"id":3226,"date":"2014-12-18T14:39:17","date_gmt":"2014-12-18T19:39:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3226"},"modified":"2014-12-18T14:39:17","modified_gmt":"2014-12-18T19:39:17","slug":"oil-resumes-slide-after-brief-rebound-on-short-covering-reuters","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3226","title":{"rendered":"Oil resumes slide after brief rebound on short-covering | Reuters"},"content":{"rendered":"

Oil resumes slide after brief rebound on short-covering | Reuters<\/a>.<\/p>\n

(Reuters) – Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut.<\/p>\n

Benchmark Brent and\u00a0U.S.\u00a0crude<\/a>\u00a0each fell more than $1 a barrel to session lows in New York after initially extending Wednesday’s short-covering, which lifted prices by more than $3. They later retraced some losses, with Brent hovering at the psychologically-important $60 mark and\u00a0U.S. crude\u00a0trading above $55.<\/p>\n

Traders braced for more selling in a market that had already lost nearly 50 percent of its value since June.<\/p>\n

“We’re continuing to search for a bottom and might even see another significant drop before the year-end,” said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil resumes slide after brief rebound on short-covering | Reuters. (Reuters) – Global crude prices fell again on Thursday, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut. Benchmark Brent and\u00a0U.S.\u00a0crude\u00a0each fell more than $1 a barrel to session […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[2008,184,592,1775],"class_list":["post-3226","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-benchmark-brent","tag-crude-oil","tag-oil-price","tag-oil-price-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3226"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3226\/revisions"}],"predecessor-version":[{"id":3227,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3226\/revisions\/3227"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}