{"id":295307,"date":"2019-10-07T11:35:04","date_gmt":"2019-10-07T06:05:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295307"},"modified":"2019-10-07T11:44:39","modified_gmt":"2019-10-07T06:14:39","slug":"oil-prices-drop-lower-weighed-down-by-gloom-over-global-economy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-lower-weighed-down-by-gloom-over-global-economy\/","title":{"rendered":"Oil prices drop lower, weighed down by gloom over global economy"},"content":{"rendered":"<p>Oil prices fell on Monday, extending last week&#8217;s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth, while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war. <\/p>\n<p>Brent crude futures edged down 28 cents to $58.09 a barrel by 0300 GMT, while US West Texas Intermediate (WTI) crude was at $52.64, down 17 cents. <\/p>\n<p>Both contracts ended last week with a more-than-5 per cent decline after dismal manufacturing data from the US and China, as the lingering row between the world&#8217;s top economies hurts global growth and raises the risk of recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday, extending last week&#8217;s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth, while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war. Brent crude futures edged down 28 cents to $58.09 a barrel by 0300 GMT, while US West Texas Intermediate (WTI) crude was at $52.64, down 17 cents. Both contracts ended last week with a more-than-5 per cent decline after dismal manufacturing data from the US and China, as the lingering row between the world&#8217;s top economies hurts global [&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-295307","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295307","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=295307"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295307\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}