{"id":520670,"date":"2022-09-09T10:31:25","date_gmt":"2022-09-09T05:01:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520670"},"modified":"2022-09-09T11:35:13","modified_gmt":"2022-09-09T06:05:13","slug":"crude-oil-price-oil-falls-to-7-month-low-on-renewed-demand-fears-rate-hike-expectations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-price-oil-falls-to-7-month-low-on-renewed-demand-fears-rate-hike-expectations\/","title":{"rendered":"Crude oil price: Oil falls to 7-month low on renewed demand fears, rate hike expectations"},"content":{"rendered":"<p>Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.<\/p>\n<p>Brent crude futures fell $1.35, or 1.5%, to $91.48 a barrel by 0420 GMT after slipping 3% in the previous session. The contract hit a session low of $91.35, the lowest since Feb. 18.<\/p>\n<p>U.S. West Texas Intermediate crude futures shed $1.55, or 1.8%, to $85.33. The benchmark fell to a session low of $85.17, the lowest since Jan. 26.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand. Brent crude futures fell $1.35, or 1.5%, to $91.48 a barrel by 0420 GMT after slipping 3% in the previous session. The contract hit a session low of $91.35, the lowest since Feb. 18. U.S. West Texas Intermediate crude futures shed $1.55, or 1.8%, to $85.33. The benchmark fell to a session low of $85.17, the lowest since [&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":[130],"tags":[],"class_list":["post-520670","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520670","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=520670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}