{"id":574668,"date":"2023-05-04T11:40:43","date_gmt":"2023-05-04T06:10:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=574668"},"modified":"2023-05-04T12:59:26","modified_gmt":"2023-05-04T07:29:26","slug":"oil-extends-losses-ahead-of-expected-interest-rate-hikes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-losses-ahead-of-expected-interest-rate-hikes\/","title":{"rendered":"Oil extends losses ahead of expected interest rate hikes"},"content":{"rendered":"<p>LONDON: Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the U.S. economy ahead of an expected Federal Reserve interest rate hike later in the day. <\/p>\n<p>Brent futures fell $2.27, or 3%, to $73.05 a barrel by 1105 GMT, while West Texas Intermediate crude (WTI) fell $2.28, or 3.1%, to $69.38.<br \/>\nBoth benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January. <\/p>\n<p>&#8220;The Federal Reserve is expected to deliver another quarter-point increase later today as part of its long-running battle against inflation,&#8221; PVM Oil analyst Stephen Brennock said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the U.S. economy ahead of an expected Federal Reserve interest rate hike later in the day. Brent futures fell $2.27, or 3%, to $73.05 a barrel by 1105 GMT, while West Texas Intermediate crude (WTI) fell $2.28, or 3.1%, to $69.38. Both benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January. &#8220;The Federal Reserve is expected to deliver another quarter-point increase later today as [&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":[130,219,137],"tags":[],"class_list":["post-574668","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\/574668","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=574668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/574668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=574668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=574668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=574668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}