{"id":337380,"date":"2020-02-14T11:24:17","date_gmt":"2020-02-14T05:54:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=337380"},"modified":"2020-02-14T11:24:17","modified_gmt":"2020-02-14T05:54:17","slug":"oil-prices-fall-on-bearish-demand-forecasts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-on-bearish-demand-forecasts\/","title":{"rendered":"Oil prices fall on bearish demand forecasts"},"content":{"rendered":"<p>Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world&#8217;s biggest oil importer.<\/p>\n<p>Brent crude lost 65 cents to $55.14 a barrel by 0930 GMT while US West Texas Intermediate (WTI) was down 39 cents at $50.78.<\/p>\n<p>Oil demand in China, the world&#8217;s second-largest crude consumer, has plunged because of travel restrictions to and from the country and quarantines within it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world&#8217;s biggest oil importer. Brent crude lost 65 cents to $55.14 a barrel by 0930 GMT while US West Texas Intermediate (WTI) was down 39 cents at $50.78. Oil demand in China, the world&#8217;s second-largest crude consumer, has plunged because of travel restrictions to and from the country and quarantines within it.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-337380","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337380","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=337380"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337380\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=337380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=337380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=337380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}