{"id":520615,"date":"2022-09-09T11:17:19","date_gmt":"2022-09-09T05:47:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520615"},"modified":"2022-09-09T11:17:19","modified_gmt":"2022-09-09T05:47:19","slug":"crude-slides-to-7-month-low-on-economic-woes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-slides-to-7-month-low-on-economic-woes\/","title":{"rendered":"Crude slides to 7-month low on economic woes"},"content":{"rendered":"<p>LONDON: Oil prices fell by more than $3 on Wednesday to their lowest since Russia invaded Ukraine on demand fears stoked by looming recession risks and downbeat Chinese trade data.<br \/>\nBrent crude futures were down $3. 4, or 3. 7%, at $89. 4 a barrel by 1338 GMT, touching their lowest since February 3, and falling below $90 a barrel for the first since since February 8. US West Texas Intermediate (WTI) crude fell by $3. 4, or 3. 9%, to $83. 5, reaching its lowest since January 24 as recession fears moved back into the spotlight.<br \/>\n\u201cThe spectre of a demand-sapping recessionacross the West is closer to becoming reality as soaring inflation and rising interest rates dent consumption,\u201d said PVM analyst Stephen Brennock. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices fell by more than $3 on Wednesday to their lowest since Russia invaded Ukraine on demand fears stoked by looming recession risks and downbeat Chinese trade data. Brent crude futures were down $3. 4, or 3. 7%, at $89. 4 a barrel by 1338 GMT, touching their lowest since February 3, and falling below $90 a barrel for the first since since February 8. US West Texas Intermediate (WTI) crude fell by $3. 4, or 3. 9%, to $83. 5, reaching its lowest since January 24 as recession fears moved back into the spotlight. \u201cThe spectre of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-520615","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520615","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=520615"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520615\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}