{"id":277615,"date":"2019-06-06T07:31:43","date_gmt":"2019-06-06T07:31:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277615"},"modified":"2019-06-06T07:31:43","modified_gmt":"2019-06-06T07:31:43","slug":"oil-prices-fall-as-energy-demand-set-to-take-a-hit-amid-economic-slowdown","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-energy-demand-set-to-take-a-hit-amid-economic-slowdown\/","title":{"rendered":"Oil prices fall as energy demand set to take a hit amid economic slowdown"},"content":{"rendered":"<p>Singapore: Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand, but markets won some support after Saudi Arabia said a consensus was emerging with other producers about extending supply cuts.<\/p>\n<p>Front-month Brent crude futures were at $60.97 at 0648 GMT. That was 31 cents, or 0.5%, below last session&#8217;s close.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were at $53.05 per barrel, down 20 cents, or 0.4%, from their last settlement.<\/p>\n<p>Oil futures are around 20% below 2019 peaks reached in late April, with May posting the sharpest monthly declines since November.<\/p>\n<p>Other energy prices, like coal and gas, are also being hit hard by the downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore: Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand, but markets won some support after Saudi Arabia said a consensus was emerging with other producers about extending supply cuts. Front-month Brent crude futures were at $60.97 at 0648 GMT. That was 31 cents, or 0.5%, below last session&#8217;s close. U.S. West Texas Intermediate (WTI) crude futures were at $53.05 per barrel, down 20 cents, or 0.4%, from their last settlement. Oil futures are around 20% below 2019 peaks reached in late April, with May posting the sharpest monthly declines since November. Other energy prices, [&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":[139,130,187],"tags":[],"class_list":["post-277615","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277615","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=277615"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277615\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}