{"id":490548,"date":"2022-05-10T10:30:06","date_gmt":"2022-05-10T05:00:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=490548"},"modified":"2022-05-10T10:30:06","modified_gmt":"2022-05-10T05:00:06","slug":"oil-prices-tumble-over-5-weighed-down-by-china-lockdowns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-tumble-over-5-weighed-down-by-china-lockdowns\/","title":{"rendered":"Oil prices tumble over 5%, weighed down by China lockdowns"},"content":{"rendered":"<p>NEW YORK: Oil prices sank over 5% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook.<br \/>\nBrent crude fell $5.92, or 5.3%, to $106.47 a barrel at 1:06 pm EDT (1706 GMT). US West Texas Intermediate crude fell $6.16, or 5.6%, to $103.61 a barrel. Both contracts have gained over 35% so far this year.<br \/>\nGlobal financial markets have been spooked by concerns over interest rate hikes and recession worries as tighter and wider Covid-19 lockdowns in China led to slower export growth in the world&#8217;s No. 2 economy in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices sank over 5% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook. Brent crude fell $5.92, or 5.3%, to $106.47 a barrel at 1:06 pm EDT (1706 GMT). US West Texas Intermediate crude fell $6.16, or 5.6%, to $103.61 a barrel. Both contracts have gained over 35% so far this year. Global financial markets have been spooked by concerns over interest rate hikes and recession worries as tighter and wider Covid-19 lockdowns in China led to slower export growth in the world&#8217;s No. 2 economy [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-490548","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490548","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=490548"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490548\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=490548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=490548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=490548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}