{"id":518148,"date":"2022-08-31T10:21:48","date_gmt":"2022-08-31T04:51:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518148"},"modified":"2022-08-31T11:35:30","modified_gmt":"2022-08-31T06:05:30","slug":"oil-prices-slide-more-than-7-on-inflation-concerns-and-iraq-exports","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-more-than-7-on-inflation-concerns-and-iraq-exports\/","title":{"rendered":"Oil prices slide more than $7 on inflation concerns and Iraq exports"},"content":{"rendered":"<p>Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation&#8217;s crude exports. <\/p>\n<p>Brent crude futures for October settlement were down $7.12, or 6.8%, at $97.97 a barrel by 12:20 p.m. EDT (1620 GMT) after touching a session low of $97.91 a barrel.<\/p>\n<p>The October contract expires on Wednesday and the more active November contract was at $97.10, down 5.7%. <\/p>\n<p>U.S. West Texas Intermediate crude dropped by $6.10, or 6.3%, to $90.93.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation&#8217;s crude exports. Brent crude futures for October settlement were down $7.12, or 6.8%, at $97.97 a barrel by 12:20 p.m. EDT (1620 GMT) after touching a session low of $97.91 a barrel. The October contract expires on Wednesday and the more active November contract was at $97.10, down 5.7%. U.S. West Texas Intermediate crude dropped [&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-518148","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\/518148","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=518148"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518148\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}