{"id":564319,"date":"2023-03-21T12:57:12","date_gmt":"2023-03-21T07:27:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=564319"},"modified":"2023-03-21T12:57:12","modified_gmt":"2023-03-21T07:27:12","slug":"oil-prices-at-15-month-low","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-at-15-month-low\/","title":{"rendered":"Oil prices at 15-month low"},"content":{"rendered":"<p>Oil prices dropped to their lowest levels in 15 months on Monday on concerns that risks in the global banking sector and a potential increase in US interest rates could spark a recession that would sap fuel demand.<\/p>\n<p>In volatile trading, Brent crude futures for May was down 83 cents, or 1.1 per cent, to $72.14 a barrel by 1425 GMT. The US West Texas Intermediate crude contract for April was down 91 cents, or 1.4 per cent, at $65.83 before its expiry on Tuesday.<\/p>\n<p>The more actively traded May futures were down 1.3 per cent at $66.05 a barrel. 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>Oil prices dropped to their lowest levels in 15 months on Monday on concerns that risks in the global banking sector and a potential increase in US interest rates could spark a recession that would sap fuel demand. In volatile trading, Brent crude futures for May was down 83 cents, or 1.1 per cent, to $72.14 a barrel by 1425 GMT. The US West Texas Intermediate crude contract for April was down 91 cents, or 1.4 per cent, at $65.83 before its expiry on Tuesday. The more actively traded May futures were down 1.3 per cent at $66.05 a barrel. [&hellip;]<\/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":[130,215,148],"tags":[],"class_list":["post-564319","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564319","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=564319"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564319\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=564319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=564319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=564319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}