{"id":512419,"date":"2022-08-06T10:32:35","date_gmt":"2022-08-06T05:02:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512419"},"modified":"2022-08-06T11:18:10","modified_gmt":"2022-08-06T05:48:10","slug":"oil-prices-set-to-end-week-at-multi-month-lows-on-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-set-to-end-week-at-multi-month-lows-on-recession-fears\/","title":{"rendered":"Oil prices set to end week at multi-month lows on recession fears"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.<\/p>\n<p>Brent crude fell 50 cents, or 0.5%, to $93.62 a barrel by 1120 GMT. U.S. West Texas Intermediate crude was down 66 cents, or 0.8%, at $87.88.<\/p>\n<p>Prices have come under pressure this week as the market has fretted over the impact of inflation on economic growth and demand, but signs of tight supply kept a floor under prices.<\/p>\n<p>Recession worries have intensified since the Bank of England&#8217;s warning on Thursday of a drawn-out downturn after it raised interest rates by the most since 1995.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets. Brent crude fell 50 cents, or 0.5%, to $93.62 a barrel by 1120 GMT. U.S. West Texas Intermediate crude was down 66 cents, or 0.8%, at $87.88. Prices have come under pressure this week as the market has fretted over the impact of inflation on economic growth and demand, but signs of tight supply kept a floor under prices. Recession worries have intensified since the Bank of England&#8217;s warning [&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-512419","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\/512419","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=512419"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512419\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}