{"id":476126,"date":"2022-03-16T10:27:51","date_gmt":"2022-03-16T04:57:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=476126"},"modified":"2022-03-16T12:03:02","modified_gmt":"2022-03-16T06:33:02","slug":"oil-falls-below-100-eases-pressure-on-oil-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-below-100-eases-pressure-on-oil-companies\/","title":{"rendered":"Oil falls below $100, eases pressure on oil companies"},"content":{"rendered":"<p>After staying above $100 per barrel for two weeks, international oil prices fell to $99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. <\/p>\n<p>Brent crude oil prices, which soared past $100 per barrel on February 28 and touched a 14-year high of $139 per barrel on March 7, fell over 7 per cent on Tuesday. The market was rattled by a resurgence of virus cases in China, which may impact demand in the world&#8217;s biggest crude importer, and signs of progress in cease-fire talks between Ukraine and Russia.<\/p>\n<p>International oil prices, which shoot up since Russia invaded Ukraine, have swung about $40 per barrel in little more than a week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After staying above $100 per barrel for two weeks, international oil prices fell to $99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. Brent crude oil prices, which soared past $100 per barrel on February 28 and touched a 14-year high of $139 per barrel on March 7, fell over 7 per cent on Tuesday. The market was rattled by a resurgence of virus cases in China, which may impact demand in the world&#8217;s biggest crude importer, and signs of progress in cease-fire [&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-476126","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\/476126","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=476126"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/476126\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=476126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=476126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=476126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}