{"id":342791,"date":"2020-03-20T12:08:25","date_gmt":"2020-03-20T06:38:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342791"},"modified":"2020-03-20T12:43:29","modified_gmt":"2020-03-20T07:13:29","slug":"crude-oil-price-sinks-to-16-year-low-of-26-per-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-price-sinks-to-16-year-low-of-26-per-barrel\/","title":{"rendered":"Crude oil price sinks to 16-year low of $26 per barrel"},"content":{"rendered":"<p>Already battered by the Russia-Saudi Arabia oil price war, Brent crude oil sank to a 16-year low of $26 per barrel on Wednesday as the coronavirus-led demand destruction exacerbated global economic recession fears. <\/p>\n<p>This is the lowest of the international benchmark for crude since September 2003, compared to the high of $147 per barrel in 2008. <\/p>\n<p>The crash in prices came hours after Goldman Sachs cut the price forecast for Brent crude oil to $20 a barrel for the quarter ending March 31 on the back of a drop in global demand hit by coronavirus epidemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Already battered by the Russia-Saudi Arabia oil price war, Brent crude oil sank to a 16-year low of $26 per barrel on Wednesday as the coronavirus-led demand destruction exacerbated global economic recession fears. This is the lowest of the international benchmark for crude since September 2003, compared to the high of $147 per barrel in 2008. The crash in prices came hours after Goldman Sachs cut the price forecast for Brent crude oil to $20 a barrel for the quarter ending March 31 on the back of a drop in global demand hit by coronavirus epidemic.<\/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":[146,130,177],"tags":[],"class_list":["post-342791","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342791","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=342791"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342791\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}