{"id":563977,"date":"2023-03-21T09:55:56","date_gmt":"2023-03-21T04:25:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=563977"},"modified":"2023-03-21T10:20:13","modified_gmt":"2023-03-21T04:50:13","slug":"oil-prices-hit-lowest-levels-since-2021-on-banking-fears-recession","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-lowest-levels-since-2021-on-banking-fears-recession\/","title":{"rendered":"Oil prices hit lowest levels since 2021 on banking fears recession"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices dropped to their lowest levels in 15 months on Monday before paring losses as the market digests concerns that risks in the global banking sector could spark a recession that would sap fuel demand.<\/p>\n<p>In volatile trading, Brent crude futures for May were down 14 cents to $72.83 a barrel by 11:52 a.m. EDT (1552 GMT).<\/p>\n<p>The U.S. West Texas Intermediate crude contract for April was down 28 cents at $66.46 before its expiry on Tuesday. The more actively traded May futures were down 21 cents at $66.72 a barrel.<\/p>\n<p>Brent and WTI earlier fell by about $3, hitting lows last registered in December 2021, with WTI sinking below $65 a barrel before moving briefly back into positive territory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices dropped to their lowest levels in 15 months on Monday before paring losses as the market digests concerns that risks in the global banking sector could spark a recession that would sap fuel demand. In volatile trading, Brent crude futures for May were down 14 cents to $72.83 a barrel by 11:52 a.m. EDT (1552 GMT). The U.S. West Texas Intermediate crude contract for April was down 28 cents at $66.46 before its expiry on Tuesday. The more actively traded May futures were down 21 cents at $66.72 a barrel. Brent and WTI earlier fell [&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-563977","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\/563977","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=563977"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/563977\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=563977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=563977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=563977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}