{"id":371473,"date":"2020-09-03T09:30:19","date_gmt":"2020-09-03T04:00:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371473"},"modified":"2020-09-03T10:06:44","modified_gmt":"2020-09-03T04:36:44","slug":"oil-holds-steady-near-multi-week-lows-on-demand-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-steady-near-multi-week-lows-on-demand-worries\/","title":{"rendered":"Oil holds steady near multi-week lows on demand worries"},"content":{"rendered":"<p>Oil prices were little changed in early trade on Thursday, sitting near multi-week lows hit overnight on worries about fuel demand due to a patchy US economic recovery.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures inched up 3 cents, or 0.1 percent, to $41.54 a barrel at 0115 GMT, while Brent crude futures slipped 7 cents, or 0.2 percent, to $44.36 a barrel.<\/p>\n<p>Both benchmark contracts fell more than 2 percent on Wednesday, with WTI sliding to its lowest close in nearly four weeks and Brent at its lowest since August 21, after a US Federal Reserve survey showed the economic recovery was mixed.<\/p>\n<p>At the same time, data showed jobs growth was slower than expected in August, while factory orders in July were higher than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed in early trade on Thursday, sitting near multi-week lows hit overnight on worries about fuel demand due to a patchy US economic recovery. US West Texas Intermediate (WTI) crude futures inched up 3 cents, or 0.1 percent, to $41.54 a barrel at 0115 GMT, while Brent crude futures slipped 7 cents, or 0.2 percent, to $44.36 a barrel. Both benchmark contracts fell more than 2 percent on Wednesday, with WTI sliding to its lowest close in nearly four weeks and Brent at its lowest since August 21, after a US Federal Reserve survey showed the [&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-371473","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\/371473","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=371473"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371473\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}