{"id":285990,"date":"2019-08-05T06:07:54","date_gmt":"2019-08-05T06:07:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285990"},"modified":"2019-08-05T06:07:54","modified_gmt":"2019-08-05T06:07:54","slug":"oil-prices-drop-as-us-china-trade-war-fuels-growth-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-as-us-china-trade-war-fuels-growth-concerns\/","title":{"rendered":"Oil prices drop as US-China trade war fuels growth concerns"},"content":{"rendered":"<p>Oil prices fell on Monday amid concerns about weaker crude demand after U.S. President Donald Trump said he would impose tariffs on more Chinese imports, potentially ramping up a trade war between the world\u2019s two largest economies.Tensions in the Middle East offered some support to prices, with Iran seizing a tanker that it said was smuggling fuel.<\/p>\n<p>Brent crude was down 50 cents, or 0.8%, at $61.39 a barrel by 0029 GMT.U.S. crude was down 24 cents, or 0.4%, at $55.42 a barrel.Both of the benchmarks fell last week, with Brent dropping more than 2% and U.S. crude ending the week around 1% lower.\u201dOil demand has disappointed \u2026 in 2019 due to weaker economic activities, unfavourable weather and trade tensions,\u201d Goldman Sachs said in a research report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday amid concerns about weaker crude demand after U.S. President Donald Trump said he would impose tariffs on more Chinese imports, potentially ramping up a trade war between the world\u2019s two largest economies.Tensions in the Middle East offered some support to prices, with Iran seizing a tanker that it said was smuggling fuel. Brent crude was down 50 cents, or 0.8%, at $61.39 a barrel by 0029 GMT.U.S. crude was down 24 cents, or 0.4%, at $55.42 a barrel.Both of the benchmarks fell last week, with Brent dropping more than 2% and U.S. crude ending the [&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-285990","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\/285990","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=285990"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285990\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}