{"id":499063,"date":"2022-06-18T09:29:42","date_gmt":"2022-06-18T03:59:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=499063"},"modified":"2022-06-18T09:44:59","modified_gmt":"2022-06-18T04:14:59","slug":"oil-prices-drop-2-on-recession-concerns-heading-for-weekly-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-2-on-recession-concerns-heading-for-weekly-fall\/","title":{"rendered":"Oil prices drop 2% on recession concerns, heading for weekly fall"},"content":{"rendered":"<p>Oil prices fell almost 2 per cent on Friday and were on track for a weekly decline as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. Brent crude was down $2.19, or 1.8 per cent, at $117.62 a barrel at 1334 GMT (7.04 pm IST), and US West Texas Intermediate crude fell $2.56, or 2.2 per cent, to $115.03.<\/p>\n<p>Brent was on track for its first weekly dip in five weeks, and US crude for its first decline in eight weeks, in line with a fall in equity markets amid fears of a possible recession as several central banks delivered big rate hikes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell almost 2 per cent on Friday and were on track for a weekly decline as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown. Brent crude was down $2.19, or 1.8 per cent, at $117.62 a barrel at 1334 GMT (7.04 pm IST), and US West Texas Intermediate crude fell $2.56, or 2.2 per cent, to $115.03. Brent was on track for its first weekly dip in five weeks, and US crude for its first decline in eight weeks, in line with a fall in equity markets amid fears of a possible [&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-499063","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\/499063","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=499063"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/499063\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=499063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=499063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=499063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}