{"id":526060,"date":"2022-09-30T09:56:30","date_gmt":"2022-09-30T04:26:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=526060"},"modified":"2022-09-30T10:53:22","modified_gmt":"2022-09-30T05:23:22","slug":"oil-prices-drop-again-after-rebound-as-dollar-strengthens-demand-weakens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-again-after-rebound-as-dollar-strengthens-demand-weakens\/","title":{"rendered":"Oil prices drop again after rebound as dollar strengthens, demand weakens"},"content":{"rendered":"<p>(Reuters) &#8211; Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment.<\/p>\n<p>Brent crude futures fell 91 cents, or 1%, to $88.41 per barrel by 0629 GMT, while U.S. crude futures dropped by 80 cents, or 1%, to $81.33.<\/p>\n<p>Both benchmarks had rebounded in the prior two sessions, after reaching nine-month lows this week, after a temporary dive in the dollar index and a larger-than-expected drawdown of U.S. fuel inventory raised hopes of a consumer demand recovery.<\/p>\n<p>However, the dollar index trended upward again on Thursday, dampening investor risk appetite and stoking fears of a global recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment. Brent crude futures fell 91 cents, or 1%, to $88.41 per barrel by 0629 GMT, while U.S. crude futures dropped by 80 cents, or 1%, to $81.33. Both benchmarks had rebounded in the prior two sessions, after reaching nine-month lows this week, after a temporary dive in the dollar index and a larger-than-expected drawdown of U.S. fuel inventory raised hopes of a consumer demand recovery. However, [&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-526060","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\/526060","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=526060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/526060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=526060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=526060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=526060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}