{"id":510811,"date":"2022-08-01T12:32:46","date_gmt":"2022-08-01T07:02:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510811"},"modified":"2022-08-01T12:32:46","modified_gmt":"2022-08-01T07:02:46","slug":"oil-drops-at-start-of-week-as-china-data-raises-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-at-start-of-week-as-china-data-raises-demand-concerns\/","title":{"rendered":"Oil drops at start of week as China data raises demand concerns"},"content":{"rendered":"<p>Oil fell as the week\u2019s trading kicked off, after poor Chinese economic data added to concerns that a global slowdown may sap demand.<\/p>\n<p>West Texas Intermediate dropped toward $98 a barrel after sinking almost 7% in July in the first back-to-back monthly loss since late 2020. Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing\u2019s preference for mobility curbs to tackle Covid-19.<\/p>\n<p>In Libya, meanwhile, crude output has rebounded after a series of disruptions that more than halved supply, according to the OPEC member\u2019s oil minister. Production has returned to 1.2 million barrels a day, a level last seen in early April, Mohamed Oun said in a telephone interview.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell as the week\u2019s trading kicked off, after poor Chinese economic data added to concerns that a global slowdown may sap demand. West Texas Intermediate dropped toward $98 a barrel after sinking almost 7% in July in the first back-to-back monthly loss since late 2020. Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing\u2019s preference for mobility curbs to tackle Covid-19. In Libya, meanwhile, crude output has rebounded after a series of disruptions that more than halved supply, according to the OPEC member\u2019s oil minister. Production has returned to 1.2 million barrels a [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-510811","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510811","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=510811"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510811\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}