{"id":499760,"date":"2022-06-21T09:10:40","date_gmt":"2022-06-21T03:40:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=499760"},"modified":"2022-06-21T09:37:44","modified_gmt":"2022-06-21T04:07:44","slug":"oil-prices-stable-as-market-balances-recession-fears-with-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-stable-as-market-balances-recession-fears-with-tight-supply\/","title":{"rendered":"Oil prices stable as market balances recession fears with tight supply"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices were stable on Monday, struggling to reverse last week&#8217;s losses as the market balanced tightening supplies with concerns about slowing global economic growth.<\/p>\n<p>Brent crude futures were down 14 cents, or 0.12%, at $112.98 a barrel by 1246 GMT. Front-month prices tumbled 7.3% last week for their first weekly fall in five.<\/p>\n<p>U.S. West Texas Intermediate crude was up 13 cents, or 0.12%, at $109.69. Front-month prices dropped 9.2% last week for the first decline in eight weeks.<\/p>\n<p>&#8220;Friday&#8217;s steep price fall can be seen as a delayed reaction to the concerns about recession that have already been weighing on the prices of other commodities for some time,&#8221; said Commerzbank analyst Carsten Fritsch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices were stable on Monday, struggling to reverse last week&#8217;s losses as the market balanced tightening supplies with concerns about slowing global economic growth. Brent crude futures were down 14 cents, or 0.12%, at $112.98 a barrel by 1246 GMT. Front-month prices tumbled 7.3% last week for their first weekly fall in five. U.S. West Texas Intermediate crude was up 13 cents, or 0.12%, at $109.69. Front-month prices dropped 9.2% last week for the first decline in eight weeks. &#8220;Friday&#8217;s steep price fall can be seen as a delayed reaction to the concerns about recession that have [&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-499760","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\/499760","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=499760"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/499760\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=499760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=499760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=499760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}