{"id":537451,"date":"2022-11-21T11:05:23","date_gmt":"2022-11-21T05:35:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=537451"},"modified":"2022-11-21T13:36:08","modified_gmt":"2022-11-21T08:06:08","slug":"oil-dips-near-2-month-lows-as-supply-concerns-ease","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-near-2-month-lows-as-supply-concerns-ease\/","title":{"rendered":"Oil dips near 2-month lows as supply concerns ease"},"content":{"rendered":"<p>Oil prices hovered near two-month lows on Monday as supply fears receded while concerns over China&#8217;s fuel demand and rising interest rates weighed on prices. <\/p>\n<p>Brent crude futures for January had slipped 28 cents, or 0.3 per cent, to $87.34 a barrel by 0103 GMT after settling at their lowest since Sept. 27.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures for December were at $80 a barrel, down 8 cents, ahead of the contract&#8217;s expiry later on Monday. The more active January contract fell 21 cents to $79.90 a barrel. <\/p>\n<p>Both benchmarks closed Friday at their lowest since Sept. 27, extending losses for a second week, with Brent down 9 per cent and WTI 10 per cent lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices hovered near two-month lows on Monday as supply fears receded while concerns over China&#8217;s fuel demand and rising interest rates weighed on prices. Brent crude futures for January had slipped 28 cents, or 0.3 per cent, to $87.34 a barrel by 0103 GMT after settling at their lowest since Sept. 27. U.S. West Texas Intermediate (WTI) crude futures for December were at $80 a barrel, down 8 cents, ahead of the contract&#8217;s expiry later on Monday. The more active January contract fell 21 cents to $79.90 a barrel. Both benchmarks closed Friday at their lowest since Sept. 27, [&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-537451","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\/537451","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=537451"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537451\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=537451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=537451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=537451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}