{"id":516056,"date":"2022-08-23T09:44:03","date_gmt":"2022-08-23T04:14:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516056"},"modified":"2022-08-23T09:50:54","modified_gmt":"2022-08-23T04:20:54","slug":"oil-falls-4-on-concerns-economic-slowdown-may-dent-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-4-on-concerns-economic-slowdown-may-dent-fuel-demand\/","title":{"rendered":"Oil falls 4% on concerns economic slowdown may dent fuel demand"},"content":{"rendered":"<p>Oil prices fell on Monday in volatile trading, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.<\/p>\n<p>Brent crude futures for October settlement fell $3.99, or 4.1%, to $92.73 a barrel by 1411 GMT.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude for September delivery &#8211; due to expire on Monday &#8211; was down $3.77, or 4.1%, at $87. The more active October contract was down $3.73 cents, or 4.1%, at $86.71.<\/p>\n<p>&#8220;Choppy trade continues. There remain many factors influencing the oil price right now from a tight market to a diminishing growth outlook and a potential Iran nuclear deal,&#8221; said Craig Erlam, senior market analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday in volatile trading, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand. Brent crude futures for October settlement fell $3.99, or 4.1%, to $92.73 a barrel by 1411 GMT. U.S. West Texas Intermediate (WTI) crude for September delivery &#8211; due to expire on Monday &#8211; was down $3.77, or 4.1%, at $87. The more active October contract was down $3.73 cents, or 4.1%, at $86.71. &#8220;Choppy trade continues. There remain many factors influencing the oil price right now from a tight [&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-516056","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\/516056","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=516056"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516056\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}