{"id":525267,"date":"2022-09-27T11:39:12","date_gmt":"2022-09-27T06:09:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525267"},"modified":"2022-09-27T13:19:19","modified_gmt":"2022-09-27T07:49:19","slug":"oil-prices-fall-on-fuel-demand-fears-sparked-by-recession-concerns-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-on-fuel-demand-fears-sparked-by-recession-concerns-2\/","title":{"rendered":"Oil prices fall on fuel demand fears sparked by recession concerns"},"content":{"rendered":"<p>Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.<\/p>\n<p>Brent crude futures for November settlement slipped 54 cents, or 0.63%, to $85.61 a barrel at 0511 GMT. U.S. West Texas Intermediate (WTI) crude futures for November delivery dropped 48 cents, or 0.61%, to $78.26.<\/p>\n<p>Both contracts slumped around 5% on Friday to their lowest since January. <\/p>\n<p>The dollar index that measures the greenback against a basket of major currencies climbed to a 20-year high on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude. Brent crude futures for November settlement slipped 54 cents, or 0.63%, to $85.61 a barrel at 0511 GMT. U.S. West Texas Intermediate (WTI) crude futures for November delivery dropped 48 cents, or 0.61%, to $78.26. Both contracts slumped around 5% on Friday to their lowest since January. The dollar index that measures the greenback against a basket of major [&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":[146,130,177],"tags":[],"class_list":["post-525267","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525267","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=525267"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525267\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}