{"id":500377,"date":"2022-06-24T09:44:26","date_gmt":"2022-06-24T04:14:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500377"},"modified":"2022-06-24T10:22:37","modified_gmt":"2022-06-24T04:52:37","slug":"crude-takes-fresh-hit-as-fear-of-global-slowdown-scars-commodities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-takes-fresh-hit-as-fear-of-global-slowdown-scars-commodities\/","title":{"rendered":"Crude takes fresh hit as fear of global slowdown scars commodities"},"content":{"rendered":"<p>Oil fell again, along with other key commodities, as concerns over a global economic slowdown intensified, with Federal Reserve (Fed) Chair Jerome Powell warning that a US recession is possible.<\/p>\n<p>West Texas Intermediate sank towards $104 a barrel after closing at a six-week low on Wednesday. The US benchmark has lost more than 15 per cent since June 8 as warnings about the world\u2019s economy grow steadily louder, drowning out signs the oil market remains tight.<\/p>\n<p>Powell said while he didn\u2019t see the likelihood of a recession as particularly elevated, it was a possibility. Commodity price rises \u201cclearly\u201d were connected to the war in Ukraine, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell again, along with other key commodities, as concerns over a global economic slowdown intensified, with Federal Reserve (Fed) Chair Jerome Powell warning that a US recession is possible. West Texas Intermediate sank towards $104 a barrel after closing at a six-week low on Wednesday. The US benchmark has lost more than 15 per cent since June 8 as warnings about the world\u2019s economy grow steadily louder, drowning out signs the oil market remains tight. Powell said while he didn\u2019t see the likelihood of a recession as particularly elevated, it was a possibility. Commodity price rises \u201cclearly\u201d were connected [&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-500377","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\/500377","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=500377"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500377\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}