{"id":530592,"date":"2022-10-19T09:44:09","date_gmt":"2022-10-19T04:14:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=530592"},"modified":"2022-10-19T11:12:42","modified_gmt":"2022-10-19T05:42:42","slug":"oil-prices-fall-more-than-3-on-us-supply-fears-lower-china-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-more-than-3-on-us-supply-fears-lower-china-demand\/","title":{"rendered":"Oil prices fall more than 3% on US supply fears, lower China demand"},"content":{"rendered":"<p>Oil prices fell by more than 3% in volatile trade on Tuesday on fears of higher U.S. supply amid an economic slowdown and lower Chinese fuel demand.<\/p>\n<p>Brent crude futures fell by $2.37, or 3.6%, to $89.25 a barrel by 12:29 p.m. EDT (1629 GMT).<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were down $3.12, or 3.7%, at $82.34, having risen by over $1 earlier in the session.<\/p>\n<p>China, the world&#8217;s top crude oil importer, indefinitely delayed release of economic indicators originally scheduled to be published on Tuesday, indicating to the market that fuel demand is significantly depressed in the region.<\/p>\n<p>&#8220;It&#8217;s not a good sign when China decides not to publish economic figures,&#8221; said John Kilduff, partner at Again Capital LLC in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell by more than 3% in volatile trade on Tuesday on fears of higher U.S. supply amid an economic slowdown and lower Chinese fuel demand. Brent crude futures fell by $2.37, or 3.6%, to $89.25 a barrel by 12:29 p.m. EDT (1629 GMT). U.S. West Texas Intermediate (WTI) crude futures were down $3.12, or 3.7%, at $82.34, having risen by over $1 earlier in the session. China, the world&#8217;s top crude oil importer, indefinitely delayed release of economic indicators originally scheduled to be published on Tuesday, indicating to the market that fuel demand is significantly depressed in the [&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-530592","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\/530592","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=530592"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/530592\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=530592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=530592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=530592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}