{"id":395688,"date":"2021-01-16T08:39:07","date_gmt":"2021-01-16T03:09:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395688"},"modified":"2021-01-16T09:23:09","modified_gmt":"2021-01-16T03:53:09","slug":"oil-prices-drop-over-2-on-china-lockdowns-us-stimulus-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-over-2-on-china-lockdowns-us-stimulus-concerns\/","title":{"rendered":"Oil prices drop over 2% on China lockdowns, US stimulus concerns"},"content":{"rendered":"<p>Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world&#8217;s biggest crude importer. <\/p>\n<p>Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel. <\/p>\n<p>US West Texas Intermediate crude settled down $1.21, or 2.3%, at $52.36 a barrel. <\/p>\n<p>Both benchmarks, which hit their highest in nearly a year earlier in the week, posted their first weekly declines in three weeks, with Brent down 1.6% on the week and US crude down about 0.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world&#8217;s biggest crude importer. Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel. US West Texas Intermediate crude settled down $1.21, or 2.3%, at $52.36 a barrel. Both benchmarks, which hit their highest in nearly a year earlier in the week, posted their first weekly declines in three weeks, with Brent down 1.6% on the week and US crude down [&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":[135,130,169],"tags":[],"class_list":["post-395688","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395688","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=395688"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395688\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}