{"id":491073,"date":"2022-05-11T11:18:14","date_gmt":"2022-05-11T05:48:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=491073"},"modified":"2022-05-11T11:18:14","modified_gmt":"2022-05-11T05:48:14","slug":"oil-drops-as-economic-worries-strong-dollar-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-as-economic-worries-strong-dollar-weigh\/","title":{"rendered":"Oil drops as economic worries, strong dollar weigh"},"content":{"rendered":"<p>NEW DELHI: Oil prices dropped more than 1% on Tuesday, extending the previous day&#8217;s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.<br \/>\nBrent crude was down $1.19, or 1.1%, at $104.75 a barrel at 0607 GMT after slipping to as low as $103.19.<br \/>\nUS West Texas Intermediate crude fell $1.07, or 1%, to $102.02 a barrel after hitting an intraday low of $100.44.<br \/>\nOn Monday, both benchmarks posted their biggest daily percentage falls since March, dropping by 5% to 6%.<br \/>\nThe falls reflected trends in global financial markets, as investors shed riskier assets on worries about interest rate rises and resulting impact on economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Oil prices dropped more than 1% on Tuesday, extending the previous day&#8217;s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand. Brent crude was down $1.19, or 1.1%, at $104.75 a barrel at 0607 GMT after slipping to as low as $103.19. US West Texas Intermediate crude fell $1.07, or 1%, to $102.02 a barrel after hitting an intraday low of $100.44. On Monday, both benchmarks posted their biggest daily percentage falls since March, dropping by 5% to 6%. The falls reflected [&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-491073","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\/491073","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=491073"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/491073\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=491073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=491073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=491073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}