{"id":533358,"date":"2022-11-01T11:00:50","date_gmt":"2022-11-01T05:30:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=533358"},"modified":"2022-11-01T12:12:52","modified_gmt":"2022-11-01T06:42:52","slug":"oil-slips-on-china-covid-curbs-weak-factory-activity-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-on-china-covid-curbs-weak-factory-activity-data\/","title":{"rendered":"Oil slips on China Covid curbs, weak factory activity data"},"content":{"rendered":"<p>Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening Covid-19 curbs will curtail demand. <\/p>\n<p>Brent crude futures dropped 63 cents, or 0.7 per cent, to $95.14 a barrel, after slipping 1.2 per cent on Friday. <\/p>\n<p>US West Texas Intermediate (WTI) crude was at $87.43 a barrel, down 47 cents, or 0.5 per cent, after settling down 1.3 per cent on Friday. <\/p>\n<p>&#8220;The purchasing managers&#8217; index (PMI) data contracting adds to the post-China congress party blues for oil markets. It is not difficult to draw a straight line from weaker PMIs to China&#8217;s Covid-zero policy,&#8221; said Stephen Innes, managing partner of SPI Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening Covid-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7 per cent, to $95.14 a barrel, after slipping 1.2 per cent on Friday. US West Texas Intermediate (WTI) crude was at $87.43 a barrel, down 47 cents, or 0.5 per cent, after settling down 1.3 per cent on Friday. &#8220;The purchasing managers&#8217; index (PMI) data contracting adds to the post-China congress party blues for oil markets. It is not difficult to draw a straight line from weaker PMIs to [&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-533358","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\/533358","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=533358"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/533358\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=533358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=533358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=533358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}