{"id":512005,"date":"2022-08-05T09:21:44","date_gmt":"2022-08-05T03:51:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512005"},"modified":"2022-08-05T09:41:29","modified_gmt":"2022-08-05T04:11:29","slug":"brent-crude-hits-pre-ukraine-invasion-lows-on-account-of-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-crude-hits-pre-ukraine-invasion-lows-on-account-of-recession-fears\/","title":{"rendered":"Brent crude hits pre-Ukraine invasion lows on account of recession fears"},"content":{"rendered":"<p>Oil prices fell on Thursday, with Brent touching $93.50 a barrel &#8211; the lowest since Feb. 21 before Russia&#8217;s invasion of Ukraine sent prices soaring &#8211; as fears mounted of an economic recession which could sap fuel demand.<\/p>\n<p>Brent crude futures were down $2.88, or 3%, at $93.90 a barrel by 1543 GMT, while West Texas Intermediate (WTI) crude futures fell $2.37, a 2.6% decline, to $88.29.<\/p>\n<p>Brent hit a low of $93.50, the lowest since Feb. 21 while U.S. crude touched its lowest since Feb. 3 at $87.97.<\/p>\n<p>The selling followed an unexpected surge in U.S. crude inventories last week. Gasoline stocks, the proxy for demand, also showed a surprise build as demand slowed, the Energy Information Administration said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday, with Brent touching $93.50 a barrel &#8211; the lowest since Feb. 21 before Russia&#8217;s invasion of Ukraine sent prices soaring &#8211; as fears mounted of an economic recession which could sap fuel demand. Brent crude futures were down $2.88, or 3%, at $93.90 a barrel by 1543 GMT, while West Texas Intermediate (WTI) crude futures fell $2.37, a 2.6% decline, to $88.29. Brent hit a low of $93.50, the lowest since Feb. 21 while U.S. crude touched its lowest since Feb. 3 at $87.97. The selling followed an unexpected surge in U.S. crude inventories last [&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-512005","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\/512005","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=512005"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512005\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}