{"id":508733,"date":"2022-07-26T09:41:01","date_gmt":"2022-07-26T04:11:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=508733"},"modified":"2022-07-26T10:02:43","modified_gmt":"2022-07-26T04:32:43","slug":"oil-extends-losing-streak-on-fears-fed-hike-will-dampen-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-losing-streak-on-fears-fed-hike-will-dampen-fuel-demand\/","title":{"rendered":"Oil extends losing streak on fears Fed hike will dampen fuel demand"},"content":{"rendered":"<p>TOKYO (Reuters) -Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand.<\/p>\n<p>Brent crude futures for September settlement had fallen 67 cents, or 0.7%, to $102.53 a barrel by 0421 GMT, down for a fourth day.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures for September delivery slid 77 cents, or 0.8%, to $93.93 a barrel, also down for a fourth day.<\/p>\n<p>Both gave up early gains.<\/p>\n<p>&#8220;Oil prices have been under pressure due to growing worries that aggressive rate rises by the U.S. Federal Reserve will slow the global economy and reduce fuel demand,&#8221; said Tetsu Emori, chief executive of Emori Fund Management Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) -Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement had fallen 67 cents, or 0.7%, to $102.53 a barrel by 0421 GMT, down for a fourth day. U.S. West Texas Intermediate (WTI) crude futures for September delivery slid 77 cents, or 0.8%, to $93.93 a barrel, also down for a fourth day. Both gave up early gains. &#8220;Oil prices have been under pressure due to growing worries that aggressive rate rises by the U.S. Federal Reserve will [&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-508733","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\/508733","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=508733"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508733\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=508733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=508733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=508733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}