{"id":500199,"date":"2022-06-23T09:24:59","date_gmt":"2022-06-23T03:54:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500199"},"modified":"2022-06-23T09:44:04","modified_gmt":"2022-06-23T04:14:04","slug":"oil-prices-tumble-nearly-3-as-investors-eye-us-fed-rate-hikes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-tumble-nearly-3-as-investors-eye-us-fed-rate-hikes\/","title":{"rendered":"Oil prices tumble nearly 3% as investors eye US Fed rate hikes"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel.<\/p>\n<p>Brent crude futures were down $2.95, or 2.6%, to $111.70 a barrel by 12:43 p.m. EDT (1643 GMT). It hit a session low of $107.03 a barrel, lowest since May 19.<\/p>\n<p>U.S. West Texas Intermediate (WTI) fell $3.15, or 2.9%, to $106.37 a barrel. The session low was $101.53 a barrel, lowest since May 11.<\/p>\n<p>Investors assessed on Wednesday how interest rate hikes designed to cool soaring inflation might stall an economic recovery. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel. Brent crude futures were down $2.95, or 2.6%, to $111.70 a barrel by 12:43 p.m. EDT (1643 GMT). It hit a session low of $107.03 a barrel, lowest since May 19. U.S. West Texas Intermediate (WTI) fell $3.15, or 2.9%, to $106.37 a barrel. The session low was $101.53 a barrel, lowest since May 11. Investors assessed on Wednesday how interest rate hikes designed to cool soaring inflation might [&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-500199","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\/500199","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=500199"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500199\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}