{"id":277207,"date":"2019-06-03T05:51:42","date_gmt":"2019-06-03T05:51:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277207"},"modified":"2019-06-03T06:07:32","modified_gmt":"2019-06-03T06:07:32","slug":"oil-prices-slide-as-trade-wars-roil-financial-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-as-trade-wars-roil-financial-markets\/","title":{"rendered":"Oil prices slide as trade wars roil financial markets"},"content":{"rendered":"<p>Oil prices fell more than 1 per cent on Monday, extending losses of over 3 per cent from Friday, when crude markets racked up their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. <\/p>\n<p>Front-month Brent crude futures were at $61.16 at 0109 GMT. That was 83 cents, or 1.3 per cent, below Friday&#8217;s close. US West Texas Intermediate (WTI) crude futures were at $52.88 per barrel, down 62 cents, or 1.2per cent from its last settlement. <\/p>\n<p>The drops followed price slumps of more than 3 per cent on Friday, which made May the worst-performing month for crude futures since last November. \u201cOil prices slid on fresh trade worries after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, which is one of the largest US trade partners and a major supplier of crude oil,\u201d said Mithun Fernando, investment analyst at Australia&#8217;s Rivkin Securities, in a note on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell more than 1 per cent on Monday, extending losses of over 3 per cent from Friday, when crude markets racked up their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. Front-month Brent crude futures were at $61.16 at 0109 GMT. That was 83 cents, or 1.3 per cent, below Friday&#8217;s close. US West Texas Intermediate (WTI) crude futures were at $52.88 per barrel, down 62 cents, or 1.2per cent from its last settlement. The drops followed price slumps of more than 3 per cent on [&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":[130],"tags":[],"class_list":["post-277207","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277207","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=277207"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277207\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}