{"id":520572,"date":"2022-09-09T09:48:30","date_gmt":"2022-09-09T04:18:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520572"},"modified":"2022-09-09T10:30:00","modified_gmt":"2022-09-09T05:00:00","slug":"oil-prices-dip-on-rate-hike-demand-fears-benchmarks-down-by-4-this-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-dip-on-rate-hike-demand-fears-benchmarks-down-by-4-this-week\/","title":{"rendered":"Oil prices dip on rate-hike, demand fears; benchmarks down by 4% this week"},"content":{"rendered":"<p>Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks&#8217; aggressive rate hikes and China&#8217;s COVID-19 curbs will hurt demand.<\/p>\n<p>Brent crude futures slipped 12 cents, or 0.1%, to $89.03 a barrel at 0051 GMT, after rising 1.3% on Thursday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.2%, to $83.35 a barrel, after climbing 2% in the previous session.<\/p>\n<p>Both benchmarks were down about 4% for the week, with the market sliding at one point to its lowest level since January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks&#8217; aggressive rate hikes and China&#8217;s COVID-19 curbs will hurt demand. Brent crude futures slipped 12 cents, or 0.1%, to $89.03 a barrel at 0051 GMT, after rising 1.3% on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 19 cents, or 0.2%, to $83.35 a barrel, after climbing 2% in the previous session. Both benchmarks were down about 4% for the week, with the market sliding at one [&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-520572","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\/520572","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=520572"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520572\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}