{"id":286134,"date":"2019-08-06T04:55:37","date_gmt":"2019-08-06T04:55:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286134"},"modified":"2019-08-06T04:56:52","modified_gmt":"2019-08-06T04:56:52","slug":"oil-prices-fall-2-as-us-china-trade-war-concerns-hit-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-2-as-us-china-trade-war-concerns-hit-demand-outlook\/","title":{"rendered":"Oil prices fall 2% as US-China trade war concerns hit demand outlook"},"content":{"rendered":"<p>Global oil benchmark Brent futures fell more than 2 per cent on Monday on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world&#8217;s two biggest buyers. <\/p>\n<p>Brent crude fell $1.38, or 2.2 per cent, to $60.51 a barrel by 12:49 p.m. EDT (1649 GMT). <\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell 28 cents, or 0.5 per cent, to $55.38 a barrel, finding some support from a draw in inventories at the Cushing, Oklahoma, storage hub and delivery hub for WTI. <\/p>\n<p>Stocks at Cushing fell nearly 2.4 million barrels in the week to Aug. 2, traders said citing data from market intelligence firm Genscape. The front-month WTI contract traded at a premium of 12 cents to the second-month, the highest since April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global oil benchmark Brent futures fell more than 2 per cent on Monday on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world&#8217;s two biggest buyers. Brent crude fell $1.38, or 2.2 per cent, to $60.51 a barrel by 12:49 p.m. EDT (1649 GMT). US West Texas Intermediate (WTI) crude futures fell 28 cents, or 0.5 per cent, to $55.38 a barrel, finding some support from a draw in inventories at the Cushing, Oklahoma, storage hub and delivery hub for WTI. Stocks at Cushing fell nearly [&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":[135,130,169],"tags":[],"class_list":["post-286134","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286134","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=286134"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286134\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}