{"id":286313,"date":"2019-08-07T04:57:38","date_gmt":"2019-08-07T04:57:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286313"},"modified":"2019-08-07T05:03:22","modified_gmt":"2019-08-07T05:03:22","slug":"oil-prices-fall-as-worsening-sino-us-trade-war-fuels-fear-of-dip-in-demands","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-worsening-sino-us-trade-war-fuels-fear-of-dip-in-demands\/","title":{"rendered":"Oil prices fall as worsening Sino-US trade war fuels fear of dip in demands"},"content":{"rendered":"<p>Oil fell on Wednesday as the intensifying Sino-US trade dispute stoked worries over demand, although a drop in US crude inventories offered some support to prices. <\/p>\n<p>International benchmark Brent crude futures were at $58.70 a barrel by 0039 GMT, down 24 cents, or 0.41%, from their previous settlement and trading near seven-month lows. <\/p>\n<p>West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.37%, from their last close to $53.43 per barrel. <\/p>\n<p>&#8220;Crude oil prices remained under pressure as investors grappled with the impact of the trade conflict,&#8221; ANZ bank said in a note. Brent prices have plunged more than 9% in the past week after US President Donald Trump said he would slap a 10% tariff on a further $300 billion in Chinese imports starting on Sept. 1, sending global equity markets into a tailspin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell on Wednesday as the intensifying Sino-US trade dispute stoked worries over demand, although a drop in US crude inventories offered some support to prices. International benchmark Brent crude futures were at $58.70 a barrel by 0039 GMT, down 24 cents, or 0.41%, from their previous settlement and trading near seven-month lows. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.37%, from their last close to $53.43 per barrel. &#8220;Crude oil prices remained under pressure as investors grappled with the impact of the trade conflict,&#8221; ANZ bank said in a note. Brent prices have plunged more than [&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-286313","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\/286313","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=286313"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286313\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}