{"id":551594,"date":"2023-02-01T09:57:25","date_gmt":"2023-02-01T04:27:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551594"},"modified":"2023-02-01T10:57:55","modified_gmt":"2023-02-01T05:27:55","slug":"oil-prices-falls-on-us-fed-interest-rate-hike-worries-russian-export-flows","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-falls-on-us-fed-interest-rate-hike-worries-russian-export-flows\/","title":{"rendered":"Oil prices falls on US Fed interest rate hike worries, Russian export flows"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China.<\/p>\n<p>March Brent crude futures fell by $1.01, or 1.19%, to $83.89 per barrel by 0920 GMT. The March contract expires on Tuesday and the more heavily traded April contract fell by 90 cents, or 1.07%, to $83.60.<\/p>\n<p>Likewise, U.S. West Texas Intermediate (WTI) crude futures dropped 92 cents, or 1.18%, to $76.98 a barrel.<\/p>\n<p>&#8220;Central banks and the OPEC+ producer group will be in action in the next few days. Interest rate decisions will shed some light on the prospects of economic and oil demand growth,&#8221; said Tamas Varga of oil broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, or 1.19%, to $83.89 per barrel by 0920 GMT. The March contract expires on Tuesday and the more heavily traded April contract fell by 90 cents, or 1.07%, to $83.60. Likewise, U.S. West Texas Intermediate (WTI) crude futures dropped 92 cents, or 1.18%, to $76.98 a barrel. &#8220;Central banks and the OPEC+ producer group will be in action in the next few days. Interest rate decisions will [&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-551594","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\/551594","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=551594"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551594\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}