{"id":512013,"date":"2022-08-05T09:25:55","date_gmt":"2022-08-05T03:55:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512013"},"modified":"2022-08-05T09:59:56","modified_gmt":"2022-08-05T04:29:56","slug":"oil-prices-extend-losses-on-inflation-demand-worries-hits-5-month-low","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-extend-losses-on-inflation-demand-worries-hits-5-month-low\/","title":{"rendered":"Oil prices extend losses on inflation, demand worries; hits 5-month low"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices extended losses on Friday, after hitting their lowest since before Russia&#8217;s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand.<\/p>\n<p>Brent crude dropped 10 cents, or 0.1%, to $94.02 a barrel by 0047 GMT, while U.S. West Texas Intermediate crude was at $88.48 a barrel, down 6 cents.<\/p>\n<p>&#8220;Crude oil fell further on demand concerns on a cloudy economic outlook,&#8221; CMC Markets analyst Tina Teng said. &#8220;If commodities are not pricing in an imminent economic recession, they might be preparing for a &#8216;stagflation&#8217; era when the unemployment rate starts picking up and inflation stays high.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices extended losses on Friday, after hitting their lowest since before Russia&#8217;s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand. Brent crude dropped 10 cents, or 0.1%, to $94.02 a barrel by 0047 GMT, while U.S. West Texas Intermediate crude was at $88.48 a barrel, down 6 cents. &#8220;Crude oil fell further on demand concerns on a cloudy economic outlook,&#8221; CMC Markets analyst Tina Teng said. &#8220;If commodities are not pricing in an imminent economic recession, they might be preparing for [&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-512013","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\/512013","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=512013"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512013\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}