{"id":500358,"date":"2022-06-24T09:46:25","date_gmt":"2022-06-24T04:16:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500358"},"modified":"2022-06-24T10:22:17","modified_gmt":"2022-06-24T04:52:17","slug":"oil-prices-weaken-on-hawkish-fed-rhetoric-concerns-about-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-weaken-on-hawkish-fed-rhetoric-concerns-about-demand\/","title":{"rendered":"Oil prices weaken on hawkish Fed rhetoric, concerns about demand"},"content":{"rendered":"<p>Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that rising interest rates could trigger a recession and cut demand for fuel.<\/p>\n<p>Brent crude futures fell 90 cents, or 0.8%, to $110.84 by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate (WTI) crude futures were down $1.07, or 1%, at $105.12.<\/p>\n<p>Investors were still trying to assess whether inflation-fighting central banks could push the world economy into recession as they raise interest rates.<\/p>\n<p>&#8220;Recession fears have their grip on markets, but the mood swing is rather one of ebbing optimism than swelling pessimism,&#8221; said Julius Baer analyst Norbert Rucker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that rising interest rates could trigger a recession and cut demand for fuel. Brent crude futures fell 90 cents, or 0.8%, to $110.84 by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate (WTI) crude futures were down $1.07, or 1%, at $105.12. Investors were still trying to assess whether inflation-fighting central banks could push the world economy into recession as they raise interest rates. &#8220;Recession fears have their grip on markets, but the mood swing is rather one of ebbing optimism than [&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-500358","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\/500358","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=500358"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500358\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}