{"id":518391,"date":"2022-09-01T09:56:20","date_gmt":"2022-09-01T04:26:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518391"},"modified":"2022-09-01T10:37:39","modified_gmt":"2022-09-01T05:07:39","slug":"oil-prices-slump-again-hit-by-demand-concerns-over-covid-19-restrictions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slump-again-hit-by-demand-concerns-over-covid-19-restrictions\/","title":{"rendered":"Oil prices slump again, hit by demand concerns over Covid-19 restrictions"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices extended their slide on Wednesday, led lower by worries that the global economy would slow further with renewed restrictions to curb COVID-19 in China.<\/p>\n<p>Brent crude futures fell 37 cents, or 0.4%, to $95.27 a barrel by 0006 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.4%, to $89.23 a barrel.<\/p>\n<p>&#8220;The weakness coming out of China has played a significant role&#8221; in lowering prices, said Harry Altham, energy analyst for EMEA &amp; Asia at StoneX Group in London. &#8220;There are fears of demand destruction across the West as interest rates rise and inflation concerns grip Western economies.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices extended their slide on Wednesday, led lower by worries that the global economy would slow further with renewed restrictions to curb COVID-19 in China. Brent crude futures fell 37 cents, or 0.4%, to $95.27 a barrel by 0006 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.4%, to $89.23 a barrel. &#8220;The weakness coming out of China has played a significant role&#8221; in lowering prices, said Harry Altham, energy analyst for EMEA &amp; Asia at StoneX Group in London. &#8220;There are fears of demand destruction across the West as interest rates [&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-518391","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\/518391","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=518391"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518391\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}