{"id":507797,"date":"2022-07-22T09:31:43","date_gmt":"2022-07-22T04:01:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507797"},"modified":"2022-07-22T09:57:37","modified_gmt":"2022-07-22T04:27:37","slug":"oil-prices-slump-over-3-as-stockpiles-rate-hikes-stoke-demand-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slump-over-3-as-stockpiles-rate-hikes-stoke-demand-worries\/","title":{"rendered":"Oil prices slump over 3% as stockpiles, rate hikes stoke demand worries"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices fell more than $3 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns.<\/p>\n<p>Brent crude futures dropped $3.80, or 3.6%, to $103.12 a barrel by 0915 GMT after slipping 0.4% in the previous session. U.S. West Texas Intermediate crude futures fell $3.93, or 3.9%, to $95.95 a barrel following a 1.9% drop on Wednesday.<\/p>\n<p>Oil futures trading volumes have been thin and prices volatile as traders have to square tighter supply because of the loss of Russian barrels following the country&#8217;s invasion of Ukraine, with recessionary worries about weaker energy demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices fell more than $3 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. Brent crude futures dropped $3.80, or 3.6%, to $103.12 a barrel by 0915 GMT after slipping 0.4% in the previous session. U.S. West Texas Intermediate crude futures fell $3.93, or 3.9%, to $95.95 a barrel following a 1.9% drop on Wednesday. Oil futures trading volumes have been thin and prices volatile as traders have to square tighter supply because of the loss of Russian barrels following the country&#8217;s invasion of 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-507797","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\/507797","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=507797"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507797\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}