{"id":564052,"date":"2023-03-21T10:28:18","date_gmt":"2023-03-21T04:58:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=564052"},"modified":"2023-03-21T11:07:20","modified_gmt":"2023-03-21T05:37:20","slug":"oil-falls-as-banking-concerns-persist-likely-fed-rate-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-banking-concerns-persist-likely-fed-rate-hike\/","title":{"rendered":"Oil falls as banking concerns persist, likely Fed rate hike"},"content":{"rendered":"<p>Oil prices fell on Monday for a second session on concerns that risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential interest rate hike by the US Federal Reserve this week.<\/p>\n<p>Brent crude futures for May settlement slid 68 cents, or 0.9 per cent, to $72.29 a barrel at 0500 GMT after a near 12 per cent loss last week, its biggest weekly fall since December.<\/p>\n<p>US West Texas Intermediate crude for April delivery was at $66.16 a barrel, down 58 cents, or 0.9 per cent, after a 13 per cent decline last week, its biggest weekly drop since last April. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday for a second session on concerns that risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential interest rate hike by the US Federal Reserve this week. Brent crude futures for May settlement slid 68 cents, or 0.9 per cent, to $72.29 a barrel at 0500 GMT after a near 12 per cent loss last week, its biggest weekly fall since December. US West Texas Intermediate crude for April delivery was at $66.16 a barrel, down 58 cents, or 0.9 per cent, after [&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":[146,130,177],"tags":[],"class_list":["post-564052","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564052","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=564052"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564052\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=564052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=564052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=564052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}