{"id":344367,"date":"2020-03-31T11:14:50","date_gmt":"2020-03-31T05:44:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344367"},"modified":"2020-03-31T11:14:50","modified_gmt":"2020-03-31T05:44:50","slug":"crude-prices-plunge-to-lowest-in-18-years-as-global-growth-slows","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-prices-plunge-to-lowest-in-18-years-as-global-growth-slows\/","title":{"rendered":"Crude prices plunge to lowest in 18 years as global growth slows"},"content":{"rendered":"<p>NEW DELHI : Oil prices have plunged to their lowest level since 2002 as a result of the brinkmanship of the Organization of the Petroleum Exporting Countries plus (Opec+) combine, which includes Russia, over crude oil production amid the covid-19 pandemic and a slowing global growth.<\/p>\n<p>The benchmark Brent had hit $23 per barrel on Monday, the lowest since 2002, but rose later in the day to trade at $26.02 per barrel. The West Texas Intermediate was trading at $20.48 per barrel.<\/p>\n<p>Oil prices had touched an all-time high of $147 per barrel in July 2008. Goldman Sachs has recently forecast that the ongoing oil price war may lead prices to drop to the $20 per barrel mark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Oil prices have plunged to their lowest level since 2002 as a result of the brinkmanship of the Organization of the Petroleum Exporting Countries plus (Opec+) combine, which includes Russia, over crude oil production amid the covid-19 pandemic and a slowing global growth. The benchmark Brent had hit $23 per barrel on Monday, the lowest since 2002, but rose later in the day to trade at $26.02 per barrel. The West Texas Intermediate was trading at $20.48 per barrel. Oil prices had touched an all-time high of $147 per barrel in July 2008. Goldman Sachs has recently [&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":[139,130,187],"tags":[],"class_list":["post-344367","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344367","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=344367"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344367\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}