{"id":505608,"date":"2022-07-15T11:13:31","date_gmt":"2022-07-15T05:43:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505608"},"modified":"2022-07-15T11:13:31","modified_gmt":"2022-07-15T05:43:31","slug":"crude-erases-war-driven-gains-as-recession-fears-hammer-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-erases-war-driven-gains-as-recession-fears-hammer-markets\/","title":{"rendered":"Crude erases war-driven gains as recession fears hammer markets"},"content":{"rendered":"<p>Oil dropped to levels not seen since before Russia\u2019s invasion of Ukraine as record US inflation and disappointing earnings from Wall Street intensified fears of a recession.<\/p>\n<p>The global crude benchmark fell as much as 5.1% to trade under $95 a barrel, touching its lowest level since late February. Crude has been in decline since early June on escalating fears the US may be pushed into a recession. Shortly after the war began, Brent futures skyrocketed to above $139 as Russia\u2019s war in Ukraine disrupted an already tight supply-demand balance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil dropped to levels not seen since before Russia\u2019s invasion of Ukraine as record US inflation and disappointing earnings from Wall Street intensified fears of a recession. The global crude benchmark fell as much as 5.1% to trade under $95 a barrel, touching its lowest level since late February. Crude has been in decline since early June on escalating fears the US may be pushed into a recession. Shortly after the war began, Brent futures skyrocketed to above $139 as Russia\u2019s war in Ukraine disrupted an already tight supply-demand balance.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-505608","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505608","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=505608"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505608\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}