{"id":342127,"date":"2020-03-17T10:35:22","date_gmt":"2020-03-17T05:05:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342127"},"modified":"2020-03-17T11:49:14","modified_gmt":"2020-03-17T06:19:14","slug":"oil-extends-losses-as-us-fed-rate-cut-fails-to-soothe-global-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-losses-as-us-fed-rate-cut-fails-to-soothe-global-markets\/","title":{"rendered":"Oil extends losses as US Fed rate cut fails to soothe global markets"},"content":{"rendered":"<p>Oil extended losses on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producers. <\/p>\n<p>Brent crude fell $1.13 to $32.72 a barrel by 0230 GMT, tumbling after last week&#8217;s plunge of 25 per cent, the largest weekly fall since 2008. The front-month price opened at a high of $35.84 but slipped to a low of $31.63. <\/p>\n<p>US crude was at $31.01, down 72 cents after slipping below $30 earlier in the session, despite US President Donald Trump&#8217;s pledge to fill strategic oil reserves in the world&#8217;s largest oil consumer &#8220;to the top&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil extended losses on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producers. Brent crude fell $1.13 to $32.72 a barrel by 0230 GMT, tumbling after last week&#8217;s plunge of 25 per cent, the largest weekly fall since 2008. The front-month price opened at a high of $35.84 but slipped to a low of $31.63. US crude was at $31.01, down 72 cents after slipping below $30 earlier in the session, despite US President Donald [&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-342127","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\/342127","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=342127"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342127\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}