{"id":352927,"date":"2020-05-23T12:00:32","date_gmt":"2020-05-23T06:30:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352927"},"modified":"2020-05-23T12:22:22","modified_gmt":"2020-05-23T06:52:22","slug":"oil-drops-over-4-on-rising-china-us-tensions-demand-doubts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-over-4-on-rising-china-us-tensions-demand-doubts\/","title":{"rendered":"Oil drops over 4% on rising China-US tensions, demand doubts"},"content":{"rendered":"<p>Oil fell over 4% on Friday to below $35 a barrel on rising U.S.-China tensions and doubts about the pace of demand recovery from the coronavirus crisis, although it remained on course for a weekly gain.<\/p>\n<p>China is set to impose new national security legislation on Hong Kong, prompting a warning from U.S. President Donald Trump. Beijing also failed to set an economic growth target as the pandemic hammers the world\u2019s second-largest economy.<\/p>\n<p>Brent crude dropped $1.50, or 4.2%, to $34.56 a barrel at 1445 GMT, after falling as low as $33.54. U.S. West Texas Intermediate (WTI) crude declined by 98 cents, or 2.9%, to $32.94.<\/p>\n<p>\u201cInvestors are once again having to contend with an intensifying war of words between the U.S. and China,\u201d said Stephen Brennock of broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell over 4% on Friday to below $35 a barrel on rising U.S.-China tensions and doubts about the pace of demand recovery from the coronavirus crisis, although it remained on course for a weekly gain. China is set to impose new national security legislation on Hong Kong, prompting a warning from U.S. President Donald Trump. Beijing also failed to set an economic growth target as the pandemic hammers the world\u2019s second-largest economy. Brent crude dropped $1.50, or 4.2%, to $34.56 a barrel at 1445 GMT, after falling as low as $33.54. U.S. West Texas Intermediate (WTI) crude declined by [&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":[141,130,183],"tags":[],"class_list":["post-352927","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352927","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=352927"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352927\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}