{"id":503482,"date":"2022-07-06T12:03:59","date_gmt":"2022-07-06T06:33:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=503482"},"modified":"2022-07-06T12:03:59","modified_gmt":"2022-07-06T06:33:59","slug":"oil-falls-as-recession-fears-boost-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-recession-fears-boost-demand-concerns\/","title":{"rendered":"Oil falls as recession fears boost demand concerns"},"content":{"rendered":"<p>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 $1.49, or 1.3%, to $112.01 a barrel by 1020 GMT.<\/p>\n<p>US West Texas Intermediate (WTI) crude fell 15 cents, or 0.1%, to $108.28 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>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 $1.49, or 1.3%, to $112.01 a barrel by 1020 GMT. US West Texas Intermediate (WTI) crude fell 15 cents, or 0.1%, to $108.28 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 away from inflation to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-503482","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503482","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=503482"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503482\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=503482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=503482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=503482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}