{"id":504152,"date":"2022-07-08T09:18:45","date_gmt":"2022-07-08T03:48:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504152"},"modified":"2022-07-08T09:33:25","modified_gmt":"2022-07-08T04:03:25","slug":"brent-holds-above-100-in-tussle-between-supply-and-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-holds-above-100-in-tussle-between-supply-and-recession-fears\/","title":{"rendered":"Brent holds above $100 in tussle between supply and recession fears"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted.<\/p>\n<p>Brent crude futures rose 14 cents, or 0.1%, to $100.83 a barrel by 0900 GMT. WTI crude futures climbed 21 cents, or 0.2%, to $98.74 a barrel.<\/p>\n<p>Prices swung between about $2 in losses and gains of nearly $1 in volatile trade.<\/p>\n<p>&#8220;Recession fears continue to grow and that obviously does raise some concerns for the demand outlook,&#8221; said Warren Patterson, ING&#8217;s head of commodity research. <\/p>\n<p>&#8220;However, supportive fundamentals should mean that further downside is relatively limited.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted. Brent crude futures rose 14 cents, or 0.1%, to $100.83 a barrel by 0900 GMT. WTI crude futures climbed 21 cents, or 0.2%, to $98.74 a barrel. Prices swung between about $2 in losses and gains of nearly $1 in volatile trade. &#8220;Recession fears continue to grow and that obviously does raise some concerns for the demand outlook,&#8221; said Warren Patterson, ING&#8217;s head of commodity research. &#8220;However, [&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-504152","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\/504152","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=504152"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504152\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}