{"id":511069,"date":"2022-08-02T10:25:54","date_gmt":"2022-08-02T04:55:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511069"},"modified":"2022-08-02T11:40:55","modified_gmt":"2022-08-02T06:10:55","slug":"oil-prices-fall-as-weak-factory-data-fuels-global-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-weak-factory-data-fuels-global-demand-concerns\/","title":{"rendered":"Oil prices fall as weak factory data fuels global demand concerns"},"content":{"rendered":"<p>Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply. <\/p>\n<p>Brent crude futures fell 77 cents, or 0.8 per cent, to $99.26 a barrel by 0421 GMT, while WTI crude futures eased 67 cents, or 0.7 per cent, to $93.22 a barrel.<\/p>\n<p>The slide came after Brent futures slumped on Monday to a session low of $99.09 a barrel, their lowest since July 15. The US crude benchmark dropped to as low as $92.42 a barrel, its weakest since July 14. <\/p>\n<p>&#8220;Crude prices tumbled after a wealth of factory activity data suggested the world is headed towards a giant global economic contraction,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply. Brent crude futures fell 77 cents, or 0.8 per cent, to $99.26 a barrel by 0421 GMT, while WTI crude futures eased 67 cents, or 0.7 per cent, to $93.22 a barrel. The slide came after Brent futures slumped on Monday to a session low of $99.09 a barrel, their lowest since July 15. The US crude benchmark dropped to as low as [&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":[146,130,177],"tags":[],"class_list":["post-511069","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511069","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=511069"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511069\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}