{"id":428499,"date":"2021-08-02T08:45:19","date_gmt":"2021-08-02T03:15:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428499"},"modified":"2021-08-02T09:07:39","modified_gmt":"2021-08-02T03:37:39","slug":"oil-prices-slide-on-worries-over-china-economy-and-higher-crude-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-on-worries-over-china-economy-and-higher-crude-output\/","title":{"rendered":"Oil prices slide on worries over China economy and higher crude output"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices fell on Monday on worries over China&#8217;s economy after a survey showed factory activity growing at its slowest pace in 17 months in the world&#8217;s second-largest oil consumer, concern compounded by a rise in oil output from OPEC producers. <\/p>\n<p>Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped 69 cents, or 0.9%, to $73.26 a barrel.<\/p>\n<p>&#8220;China&#8217;s been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,&#8221; said Edward Moya, senior analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices fell on Monday on worries over China&#8217;s economy after a survey showed factory activity growing at its slowest pace in 17 months in the world&#8217;s second-largest oil consumer, concern compounded by a rise in oil output from OPEC producers. Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped 69 cents, or 0.9%, to $73.26 a barrel. &#8220;China&#8217;s been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant [&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-428499","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\/428499","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=428499"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428499\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}