{"id":507800,"date":"2022-07-22T09:32:37","date_gmt":"2022-07-22T04:02:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507800"},"modified":"2022-07-22T09:57:26","modified_gmt":"2022-07-22T04:27:26","slug":"oil-prices-steady-after-sharp-decline-of-nearly-3-on-weak-us-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-after-sharp-decline-of-nearly-3-on-weak-us-demand\/","title":{"rendered":"Oil prices steady after sharp decline of nearly 3% on weak US demand"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States, the world&#8217;s top oil consumer, and a pick-up in supply from Libya.<\/p>\n<p>Brent crude futures rose 17 cents, or 0.2%, to $104.03 a barrel at 0041 GMT, while U.S. West Texas Intermediate (WTI) crude futures were flat at $96.35 a barrel.<\/p>\n<p>WTI has been pummelled over the past two sessions after data showed that U.S. gasoline demand had dropped nearly 8% from a year earlier in the midst of the peak summer driving season, hit by record prices at the pump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States, the world&#8217;s top oil consumer, and a pick-up in supply from Libya. Brent crude futures rose 17 cents, or 0.2%, to $104.03 a barrel at 0041 GMT, while U.S. West Texas Intermediate (WTI) crude futures were flat at $96.35 a barrel. WTI has been pummelled over the past two sessions after data showed that U.S. gasoline demand had dropped nearly 8% from a year earlier in the midst of the peak summer [&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-507800","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\/507800","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=507800"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507800\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}