{"id":539079,"date":"2022-11-29T09:41:50","date_gmt":"2022-11-29T04:11:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539079"},"modified":"2022-11-29T10:37:47","modified_gmt":"2022-11-29T05:07:47","slug":"oil-prices-erase-2022-gains-as-chinas-protests-spark-demand-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-erase-2022-gains-as-chinas-protests-spark-demand-worries\/","title":{"rendered":"Oil prices erase 2022 gains as China&#8217;s protests spark demand worries"},"content":{"rendered":"<p>(Reuters) &#8211; Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the world&#8217;s biggest crude importer, stoked concern over the outlook for fuel demand.<\/p>\n<p>Brent crude dropped by $2.71, or 3.2%, to trade at $80.92 a barrel at 1200 GMT, having dived more than 3% to $80.61 earlier in the session for its lowest since Jan. 4.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude slid $2.31, or 3%, to $73.97 after touching its lowest since Dec. 22 last year at $73.60.<\/p>\n<p>Both benchmarks, which hit 10-month lows last week, have posted three consecutive weekly declines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the world&#8217;s biggest crude importer, stoked concern over the outlook for fuel demand. Brent crude dropped by $2.71, or 3.2%, to trade at $80.92 a barrel at 1200 GMT, having dived more than 3% to $80.61 earlier in the session for its lowest since Jan. 4. U.S. West Texas Intermediate (WTI) crude slid $2.31, or 3%, to $73.97 after touching its lowest since Dec. 22 last year at $73.60. Both benchmarks, which hit 10-month lows last week, have [&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-539079","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\/539079","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=539079"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539079\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}