{"id":561760,"date":"2023-03-10T12:33:08","date_gmt":"2023-03-10T07:03:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561760"},"modified":"2023-03-10T13:00:07","modified_gmt":"2023-03-10T07:30:07","slug":"oil-extends-losses-on-rate-hike-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-losses-on-rate-hike-fears\/","title":{"rendered":"Oil extends losses on rate hike fears"},"content":{"rendered":"<p>Oil prices fell on Wednesday as fears that more aggressive US interest rate hikes would pressure economic growth and oil demand outweighed a larger-than-expected draw in crude stocks.<\/p>\n<p>Brent crude futures were down 0.9%, to $82.55 per barrel in early trade. WTI crude futures slipped 1.3% to $76.59 a barrel. &#8220;Oil prices are still seeing downward pressure due to the hawkish comments coming out of the Fed indicating higher interest rates,&#8221; said Andrew Lipow of consultants Lipow Oil Associates. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday as fears that more aggressive US interest rate hikes would pressure economic growth and oil demand outweighed a larger-than-expected draw in crude stocks. Brent crude futures were down 0.9%, to $82.55 per barrel in early trade. WTI crude futures slipped 1.3% to $76.59 a barrel. &#8220;Oil prices are still seeing downward pressure due to the hawkish comments coming out of the Fed indicating higher interest rates,&#8221; said Andrew Lipow of consultants Lipow Oil Associates.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-561760","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561760","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=561760"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561760\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}