{"id":364656,"date":"2020-07-25T10:58:38","date_gmt":"2020-07-25T05:28:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364656"},"modified":"2020-07-25T11:34:27","modified_gmt":"2020-07-25T06:04:27","slug":"oil-prices-edge-lower-on-us-china-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-edge-lower-on-us-china-tensions\/","title":{"rendered":"Oil prices edge lower on US-China tensions"},"content":{"rendered":"<p>Oil prices fell on Friday, pressured by tensions between the United States and China, but some supportive economic data in Europe tempered losses. <\/p>\n<p>Brent crude futures fell 34 cents to $42.97 a barrel by 1:11 p.m. EDT (1711 GMT). U.S. West Texas Intermediate (WTI) crude futures slipped 18 cents to $40.89 a barrel. <\/p>\n<p>For the week, Brent was on track to fall 0.5%, while U.S. crude was set to rise 0.6%. <\/p>\n<p>China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a U.S. demand this week that China close its Houston consulate. <\/p>\n<p>The renewed tensions between the world&#8217;s top two oil consumers stoked worries about oil demand, which already faces headwinds including rising coronavirus cases in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday, pressured by tensions between the United States and China, but some supportive economic data in Europe tempered losses. Brent crude futures fell 34 cents to $42.97 a barrel by 1:11 p.m. EDT (1711 GMT). U.S. West Texas Intermediate (WTI) crude futures slipped 18 cents to $40.89 a barrel. For the week, Brent was on track to fall 0.5%, while U.S. crude was set to rise 0.6%. China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a U.S. demand this week that China close its Houston consulate. [&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":[146,130,177],"tags":[],"class_list":["post-364656","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\/364656","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=364656"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364656\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}