{"id":520569,"date":"2022-09-09T09:46:51","date_gmt":"2022-09-09T04:16:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520569"},"modified":"2022-09-09T10:29:04","modified_gmt":"2022-09-09T04:59:04","slug":"oil-prices-fall-further-as-china-extends-covid-curbs-to-stop-transmission","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-further-as-china-extends-covid-curbs-to-stop-transmission\/","title":{"rendered":"Oil prices fall further as China extends Covid curbs to stop transmission"},"content":{"rendered":"<p>Oil prices fell on Thursday, extending sharp losses from the previous session, as China&#8217;s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand.<\/p>\n<p>Brent crude futures lost 40 cents, or 0.4%, to $87.60 per barrel by 1002 GMT, near a late-January low. U.S. crude futures were down 41 cents, or 0.5%, at $81.53 a barrel, near a mid-January low.<\/p>\n<p>Saxo Bank analyst Ole Hansen said the decline was &#8220;driven by continued demand worries related to the risk of growth-killing rate hikes from central banks battling runaway inflation and China&#8217;s continued economic struggle caused by its COVID-zero policy&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday, extending sharp losses from the previous session, as China&#8217;s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand. Brent crude futures lost 40 cents, or 0.4%, to $87.60 per barrel by 1002 GMT, near a late-January low. U.S. crude futures were down 41 cents, or 0.5%, at $81.53 a barrel, near a mid-January low. Saxo Bank analyst Ole Hansen said the decline was &#8220;driven by continued demand worries related to the risk of growth-killing rate hikes from central banks battling runaway inflation [&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-520569","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\/520569","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=520569"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520569\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}