{"id":504010,"date":"2022-07-07T10:44:53","date_gmt":"2022-07-07T05:14:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504010"},"modified":"2022-07-07T13:36:05","modified_gmt":"2022-07-07T08:06:05","slug":"oil-prices-slump-further-brent-crude-under-100","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slump-further-brent-crude-under-100\/","title":{"rendered":"Oil prices slump further, Brent crude under $100"},"content":{"rendered":"<p>World oil prices spiralled lower Wednesday on fears that a potential recession will slash demand, with Brent crude sinking under $100 per barrel.<\/p>\n<p>Europe&#8217;s benchmark crude contract, Brent North Sea, dropped 3.3 per cent to $99.39 per barrel in mid-afternoon deals, while US counterpart WTI oil also fell 3.3 per cent to stand at $96.12.<\/p>\n<p>Prices had already tumbled Tuesday on concern that a slowing global economy will dent demand for petroleum products, with WTI breaching the key $100 level. <\/p>\n<p>Citi analysts have forecast that Brent could strike $65 later this year in the event of a prolonged worldwide economic downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World oil prices spiralled lower Wednesday on fears that a potential recession will slash demand, with Brent crude sinking under $100 per barrel. Europe&#8217;s benchmark crude contract, Brent North Sea, dropped 3.3 per cent to $99.39 per barrel in mid-afternoon deals, while US counterpart WTI oil also fell 3.3 per cent to stand at $96.12. Prices had already tumbled Tuesday on concern that a slowing global economy will dent demand for petroleum products, with WTI breaching the key $100 level. Citi analysts have forecast that Brent could strike $65 later this year in the event of a prolonged worldwide economic [&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":[146,130,177],"tags":[],"class_list":["post-504010","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504010","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=504010"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504010\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}