{"id":503331,"date":"2022-07-06T09:14:45","date_gmt":"2022-07-06T03:44:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=503331"},"modified":"2022-07-06T09:27:50","modified_gmt":"2022-07-06T03:57:50","slug":"brent-oil-falls-as-recession-fears-increase-fuel-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-falls-as-recession-fears-increase-fuel-demand-concerns\/","title":{"rendered":"Brent oil falls as recession fears increase fuel demand concerns"},"content":{"rendered":"<p>LONDON (Reuters) -Brent oil prices slipped on Tuesday, reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by an expected production cut in Norway.<\/p>\n<p>Brent crude fell 38 cents, or 0.3%, to $113.12 a barrel by 0914 GMT.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude climbed 84 cents, or 0.8%, to $109.27 a barrel, from Friday&#8217;s close. There was no settlement for WTI on Monday because of the Independence Day public holiday in the United States. <\/p>\n<p>&#8220;Oil is still struggling to break out from its current recessionary malaise as the market pivots away from inflation to economic despair,&#8221; Stephen Innes of SPI Asset Management said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Brent oil prices slipped on Tuesday, reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by an expected production cut in Norway. Brent crude fell 38 cents, or 0.3%, to $113.12 a barrel by 0914 GMT. U.S. West Texas Intermediate (WTI) crude climbed 84 cents, or 0.8%, to $109.27 a barrel, from Friday&#8217;s close. There was no settlement for WTI on Monday because of the Independence Day public holiday in the United States. &#8220;Oil is still struggling to break out from its current recessionary malaise as the market pivots [&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-503331","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\/503331","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=503331"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503331\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=503331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=503331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=503331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}