{"id":498465,"date":"2022-06-15T11:35:12","date_gmt":"2022-06-15T06:05:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=498465"},"modified":"2022-06-15T13:47:37","modified_gmt":"2022-06-15T08:17:37","slug":"oil-prices-inch-lower-as-china-covid-recession-worries-outweigh-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-inch-lower-as-china-covid-recession-worries-outweigh-tight-supply\/","title":{"rendered":"Oil prices inch lower as China Covid, recession worries outweigh tight supply"},"content":{"rendered":"<p>Oil prices inched lower after seesawing through early trading on Tuesday, as worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China outweighed tight global supplies. <\/p>\n<p>US West Texas Intermediate (WTI) crude fell 22 cents, or 0.2 per cent to $120.71 a barrel at 0353 GMT, while Brent crude futures eased 25 cents, or 0.2 per cent, to $122.02 a barrel.<\/p>\n<p>&#8220;Discussion within the oil complex still revolves around Libya&#8217;s decline in production, China continuing to impose measures to slow the spread of Covid, and concerns around global recession woes driving demand destruction,&#8221; said Stephen Innes, managing partner at SPI Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices inched lower after seesawing through early trading on Tuesday, as worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China outweighed tight global supplies. US West Texas Intermediate (WTI) crude fell 22 cents, or 0.2 per cent to $120.71 a barrel at 0353 GMT, while Brent crude futures eased 25 cents, or 0.2 per cent, to $122.02 a barrel. &#8220;Discussion within the oil complex still revolves around Libya&#8217;s decline in production, China continuing to impose measures to slow the spread of Covid, and concerns around global recession woes driving demand destruction,&#8221; [&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-498465","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\/498465","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=498465"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498465\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}