{"id":273729,"date":"2019-05-10T06:55:15","date_gmt":"2019-05-10T06:55:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273729"},"modified":"2019-05-10T06:55:15","modified_gmt":"2019-05-10T06:55:15","slug":"oil-prices-fall-on-trade-dispute-despite-surprise-drop-in-us-crude-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-on-trade-dispute-despite-surprise-drop-in-us-crude-inventories\/","title":{"rendered":"Oil prices fall on trade dispute despite surprise drop in US crude inventories"},"content":{"rendered":"<p>Oil prices dropped on Thursday amid concerns over the escalating trade battle between the United States and China, despite a surprise fall in U.S. crude stockpiles. Brent crude oil futures were at $69.92 a barrel by 0102 GMT, down 44 cents, or 0.63 percent, from their previous settlement. U.S. West Texas Intermediate (WTI) crude futures were at $61.67 per barrel, down 45 cents, or 0.72 percent, from their last close.<\/p>\n<p>The Sino-U.S. trade war has weighed on oil prices this week as heightened tensions between the world\u2019s two biggest economies could the global economic outlook. U.S. President Donald Trump said on Wednesday that China \u201cbroke the deal\u201d in trade talks with Washington and would face stiff tariffs if no agreement is reached.<\/p>\n<p>Higher tariffs are set to take effect on Friday, during Chinese Vice Premier Liu He\u2019s two-day visit to Washington from Thursday. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped on Thursday amid concerns over the escalating trade battle between the United States and China, despite a surprise fall in U.S. crude stockpiles. Brent crude oil futures were at $69.92 a barrel by 0102 GMT, down 44 cents, or 0.63 percent, from their previous settlement. U.S. West Texas Intermediate (WTI) crude futures were at $61.67 per barrel, down 45 cents, or 0.72 percent, from their last close. The Sino-U.S. trade war has weighed on oil prices this week as heightened tensions between the world\u2019s two biggest economies could the global economic outlook. U.S. President Donald Trump said [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-273729","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273729","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}