{"id":296202,"date":"2019-10-15T12:09:51","date_gmt":"2019-10-15T06:39:51","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296202"},"modified":"2019-10-15T12:09:51","modified_gmt":"2019-10-15T06:39:51","slug":"oil-prices-extend-losses-as-weak-china-data-compounds-us-china-trade-deal-doubts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-extend-losses-as-weak-china-data-compounds-us-china-trade-deal-doubts\/","title":{"rendered":"Oil prices extend losses as weak China data compounds US-China trade deal doubts"},"content":{"rendered":"<p>Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week. Brent crude futures fell 30 cents, or 0.5%, to $59.067 barrel by 0142 GMT, while U.S. West Texas Intermediate (WTI) crude futures was at $53.38 a barrel, down 21 cents or 0.4%.<\/p>\n<p>\u201cChina\u2019s exports and imports shrunk more than expected in September, as ongoing tariffs and a slowdown in global trade undercut demand,\u201d analysts at ANZ bank wrote in a research note. Doubts over the agreement between Washington and Beijing, designed to end a brutal trade war between the world\u2019s top two economies, also kept sentiment weak, ANZ said. The U.S.-China dispute has cast a shadow on global economic growth prospects, and left questionmarks over future oil demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week. Brent crude futures fell 30 cents, or 0.5%, to $59.067 barrel by 0142 GMT, while U.S. West Texas Intermediate (WTI) crude futures was at $53.38 a barrel, down 21 cents or 0.4%. \u201cChina\u2019s exports and imports shrunk more than expected in September, as ongoing tariffs and a slowdown in global trade undercut demand,\u201d analysts at ANZ bank wrote in a research [&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-296202","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\/296202","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=296202"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296202\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}