{"id":428750,"date":"2021-08-03T08:47:03","date_gmt":"2021-08-03T03:17:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428750"},"modified":"2021-08-03T09:33:04","modified_gmt":"2021-08-03T04:03:04","slug":"oil-prices-hit-by-concern-over-chinese-economy-and-higher-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-by-concern-over-chinese-economy-and-higher-supply\/","title":{"rendered":"Oil prices hit by concern over Chinese economy and higher supply"},"content":{"rendered":"<p>Oil prices fell on Monday as worries over China\u2019s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world\u2019s second-largest oil consumer, with concerns compounded by higher crude output from Organization of the Petroleum Exporting Countries (Opec).<\/p>\n<p>Brent crude oil futures slid by $2.32, or 3.08 per cent, to $73.09 a barrel by 8.50 pm IST. US West Texas Intermediate (WTI) crude futures dropped $2.60, or 3.5 per cent, to $71.35. <\/p>\n<p>\u201cChina has been leading economic recovery in Asia and if the pullback deepens, concerns will grow that the global outlook will see a significant decline,\u201d said Edward Moya, senior analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday as worries over China\u2019s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world\u2019s second-largest oil consumer, with concerns compounded by higher crude output from Organization of the Petroleum Exporting Countries (Opec). Brent crude oil futures slid by $2.32, or 3.08 per cent, to $73.09 a barrel by 8.50 pm IST. US West Texas Intermediate (WTI) crude futures dropped $2.60, or 3.5 per cent, to $71.35. \u201cChina has 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-428750","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\/428750","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=428750"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428750\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}