{"id":522356,"date":"2022-09-16T09:44:12","date_gmt":"2022-09-16T04:14:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=522356"},"modified":"2022-09-16T10:31:42","modified_gmt":"2022-09-16T05:01:42","slug":"brent-crude-falls-3-on-demand-concerns-strong-usd-as-fed-decision-looms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-crude-falls-3-on-demand-concerns-strong-usd-as-fed-decision-looms\/","title":{"rendered":"Brent crude falls 3% on demand concerns, strong USD as Fed decision looms"},"content":{"rendered":"<p>Brent crude oil fell 3% on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase outweighed supply concerns.<\/p>\n<p>The International Energy Agency said this week oil demand growth would grind to a halt in the fourth quarter. [IEA\/M] The dollar held near recent peaks, supported by expectations the U.S. Federal Reserve will continue to tighten policy. [USD\/]<\/p>\n<p>Brent crude was down $2.72, or 2.9%, to $91.38 a barrel at 1342 GMT. U.S. West Texas Intermediate crude fell $1.63, or 1.8%, to $86.85. <\/p>\n<p>&#8220;There are many forces dictating the price action in oil markets right now, with economic uncertainty right up there,&#8221; said Craig Erlam of brokerage OANDA. &#8220;The stronger dollar is potentially another headwind.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude oil fell 3% on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said this week oil demand growth would grind to a halt in the fourth quarter. [IEA\/M] The dollar held near recent peaks, supported by expectations the U.S. Federal Reserve will continue to tighten policy. [USD\/] Brent crude was down $2.72, or 2.9%, to $91.38 a barrel at 1342 GMT. U.S. West Texas Intermediate crude fell $1.63, or 1.8%, to $86.85. &#8220;There are many forces dictating the price action [&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-522356","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\/522356","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=522356"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522356\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=522356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=522356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=522356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}