{"id":564404,"date":"2023-03-22T10:16:42","date_gmt":"2023-03-22T04:46:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=564404"},"modified":"2023-03-22T10:58:59","modified_gmt":"2023-03-22T05:28:59","slug":"oil-lower-as-banking-turmoil-holds-down-sentiment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-lower-as-banking-turmoil-holds-down-sentiment\/","title":{"rendered":"Oil lower as banking turmoil holds down sentiment"},"content":{"rendered":"<p>Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence.<\/p>\n<p>Brent crude futures for May settlement dropped 71 cents, or 1 per cent, trading at $73.08 per barrel at 0514 GMT. US West Texas Intermediate (WTI) crude futures were down 74 cents, or 1.1 per cent, to $66.90 a barrel.<\/p>\n<p>In the previous session, both Brent and WTI fell about $3 a barrel before settling higher. That followed UBS throwing a lifeline to Credit Suisse and major central banks saying they would enhance market liquidity and support the banking system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence. Brent crude futures for May settlement dropped 71 cents, or 1 per cent, trading at $73.08 per barrel at 0514 GMT. US West Texas Intermediate (WTI) crude futures were down 74 cents, or 1.1 per cent, to $66.90 a barrel. In the previous session, both Brent and WTI fell about $3 a barrel before settling higher. That followed UBS throwing a lifeline to Credit Suisse and major central banks saying they would enhance market liquidity and support the banking system.<\/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-564404","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\/564404","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=564404"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564404\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=564404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=564404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=564404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}