{"id":537562,"date":"2022-11-22T09:42:20","date_gmt":"2022-11-22T04:12:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=537562"},"modified":"2022-11-22T10:52:54","modified_gmt":"2022-11-22T05:22:54","slug":"oil-prices-sink-as-chinas-tightening-anti-covid-curbs-hurt-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-sink-as-chinas-tightening-anti-covid-curbs-hurt-demand-outlook\/","title":{"rendered":"Oil prices sink as China&#8217;s tightening anti-Covid curbs hurt demand outlook"},"content":{"rendered":"<p>Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. <\/p>\n<p>Global benchmark Brent fell toward $87 a barrel after retreating by almost 9% last week. The country saw its first Covid-related death in almost six months on Saturday and another two were reported on Sunday, sparking fears of a further wave of restrictions in the world\u2019s biggest oil importer just as a city of 11 million near the capital asked residents to stay home amid an outbreak. <\/p>\n<p>Goldman Sachs Group Inc. lowered its fourth-quarter forecast for Brent crude by $10 a barrel to $100, according to a note, with the reduction driven in part by the possibility of further anti-virus measures in China as cases climb.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. Global benchmark Brent fell toward $87 a barrel after retreating by almost 9% last week. The country saw its first Covid-related death in almost six months on Saturday and another two were reported on Sunday, sparking fears of a further wave of restrictions in the world\u2019s biggest oil importer just as a city of 11 million near the capital asked residents to stay home amid an outbreak. Goldman Sachs Group Inc. lowered its fourth-quarter forecast for Brent crude by $10 [&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-537562","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\/537562","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=537562"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537562\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=537562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=537562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=537562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}