{"id":514484,"date":"2022-08-16T11:27:47","date_gmt":"2022-08-16T05:57:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=514484"},"modified":"2022-08-16T13:22:27","modified_gmt":"2022-08-16T07:52:27","slug":"oil-prices-fall-as-recessionary-worries-weigh-on-demand-outlook-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-recessionary-worries-weigh-on-demand-outlook-2\/","title":{"rendered":"Oil prices fall as recessionary worries weigh on demand outlook"},"content":{"rendered":"<p>Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world&#8217;s largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand.<\/p>\n<p>Brent crude futures fell 90 cents, or 1%, to $94.20 a barrel by 00:03 GMT. WTI crude futures fell 81 cents, or 0.9%, to $88.60 a barrel.<\/p>\n<p>Oil futures fell about 3% during the previous session. <\/p>\n<p>Prices fell after disappointing economic data from China. The country&#8217;s central bank cut lending rates to revive demand as data showed the economy slowing unexpectedly in July, with factory and retail activity squeezed by Beijing&#8217;s zero-COVID policy and a property crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world&#8217;s largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand. Brent crude futures fell 90 cents, or 1%, to $94.20 a barrel by 00:03 GMT. WTI crude futures fell 81 cents, or 0.9%, to $88.60 a barrel. Oil futures fell about 3% during the previous session. Prices fell after disappointing economic data from China. The country&#8217;s central bank cut lending rates to revive demand as data showed the economy slowing unexpectedly in July, with factory and [&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-514484","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\/514484","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=514484"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/514484\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=514484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=514484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=514484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}