{"id":529508,"date":"2022-10-14T09:44:51","date_gmt":"2022-10-14T04:14:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=529508"},"modified":"2022-10-14T10:21:10","modified_gmt":"2022-10-14T04:51:10","slug":"oil-prices-lose-ground-as-market-jittery-over-demand-risks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-lose-ground-as-market-jittery-over-demand-risks\/","title":{"rendered":"Oil prices lose ground as market jittery over demand risks"},"content":{"rendered":"<p>Oil prices struggled to find a footing on Thursday after easing in the previous session on a weakening global demand outlook.<\/p>\n<p>Brent crude futures fell 7 cents, or 0.1%, to $92.38 a barrel by 0650 GMT. U.S. West Texas Intermediate crude was down 21 cents, or 0.2%, at $87.06 a barrel.<\/p>\n<p>Both OPEC and the U.S. Energy Department have cut their demand outlooks, while a flare-up in COVID-19 cases in China has sparked fresh concerns over fuel consumption in the world&#8217;s top crude importing-country.<\/p>\n<p>&#8220;This week has placed growth risks back into the spotlight for oil prices, as the initial enthusiasm over OPEC+ production cuts has proved to be short-lived and gains are seen fading off,&#8221; said Jun Rong Yeap, market strategist at online trading platform IG.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices struggled to find a footing on Thursday after easing in the previous session on a weakening global demand outlook. Brent crude futures fell 7 cents, or 0.1%, to $92.38 a barrel by 0650 GMT. U.S. West Texas Intermediate crude was down 21 cents, or 0.2%, at $87.06 a barrel. Both OPEC and the U.S. Energy Department have cut their demand outlooks, while a flare-up in COVID-19 cases in China has sparked fresh concerns over fuel consumption in the world&#8217;s top crude importing-country. &#8220;This week has placed growth risks back into the spotlight for oil prices, as the initial [&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-529508","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\/529508","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=529508"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529508\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=529508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=529508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=529508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}