{"id":505521,"date":"2022-07-15T09:37:41","date_gmt":"2022-07-15T04:07:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505521"},"modified":"2022-07-15T11:12:38","modified_gmt":"2022-07-15T05:42:38","slug":"oil-prices-tumble-more-than-4-ahead-of-potential-large-us-rate-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-tumble-more-than-4-ahead-of-potential-large-us-rate-hike\/","title":{"rendered":"Oil prices tumble more than $4 ahead of potential large US rate hike"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.<\/p>\n<p>Brent crude futures for September fell by $4.05 to $95.52 a barrel by 1356 GMT and were on track to finish a third session in a row below $100.<\/p>\n<p>U.S. West Texas Intermediate crude for August delivery was at $91.63 a barrel, down $4.67.<\/p>\n<p>Both contracts hit lows on Thursday which were below the Feb. 23 close, the day before Russia invaded Ukraine, with Brent reaching its lowest since Feb. 21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand. Brent crude futures for September fell by $4.05 to $95.52 a barrel by 1356 GMT and were on track to finish a third session in a row below $100. U.S. West Texas Intermediate crude for August delivery was at $91.63 a barrel, down $4.67. Both contracts hit lows on Thursday which were below the Feb. 23 close, the day before Russia invaded Ukraine, [&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-505521","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\/505521","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=505521"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505521\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}