{"id":479748,"date":"2022-03-29T09:18:44","date_gmt":"2022-03-29T03:48:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=479748"},"modified":"2022-03-29T09:54:32","modified_gmt":"2022-03-29T04:24:32","slug":"oil-slides-more-than-5-on-concerns-of-weaker-chinese-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-more-than-5-on-concerns-of-weaker-chinese-demand\/","title":{"rendered":"Oil slides more than $5 on concerns of weaker Chinese demand"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai lockdown efforts to curb a surge in COVID-19 infections.<\/p>\n<p>Brent crude futures slid as low as $115.32 a barrel and were trading down $4.53, or 3.7%, at $116.12 at 0943 GMT.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $4.55, or 3.9%, at $109.35.<\/p>\n<p>Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent surging 11.8% and WTI climbing 8.8%.<\/p>\n<p>Shanghai has entered a two-stage lockdown of 26 million people on Monday in an attempt to curb the further spread of the coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai lockdown efforts to curb a surge in COVID-19 infections. Brent crude futures slid as low as $115.32 a barrel and were trading down $4.53, or 3.7%, at $116.12 at 0943 GMT. U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $4.55, or 3.9%, at $109.35. Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent surging 11.8% and WTI climbing 8.8%. Shanghai [&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-479748","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\/479748","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=479748"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/479748\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=479748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=479748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=479748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}