{"id":431006,"date":"2021-08-17T11:15:39","date_gmt":"2021-08-17T05:45:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431006"},"modified":"2021-08-17T11:15:39","modified_gmt":"2021-08-17T05:45:39","slug":"oil-prices-drop-over-3-on-faltering-demand-outlook-in-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-over-3-on-faltering-demand-outlook-in-china\/","title":{"rendered":"Oil prices drop over 3% on faltering demand outlook in China"},"content":{"rendered":"<p>LONDON: Oil fell by over 3 per cent on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world&#8217;s second-largest economy.<\/p>\n<p>Brent crude was down $2.21, or 3.1 per cent, at $68.38 a barrel by 1347 GMT. U.S. oil fell by $2.42, or 3.5 per cent, to $66.02.<\/p>\n<p>Chinese factory output and retail sales growth slowed sharply in July, data showed, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil fell by over 3 per cent on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world&#8217;s second-largest economy. Brent crude was down $2.21, or 3.1 per cent, at $68.38 a barrel by 1347 GMT. U.S. oil fell by $2.42, or 3.5 per cent, to $66.02. Chinese factory output and retail sales growth slowed sharply in July, data showed, missing expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-431006","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431006","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431006"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431006\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}