{"id":584136,"date":"2023-06-13T10:34:16","date_gmt":"2023-06-13T05:04:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584136"},"modified":"2023-06-13T12:41:59","modified_gmt":"2023-06-13T07:11:59","slug":"oil-prices-fall-as-investors-focus-on-looming-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-investors-focus-on-looming-fed-rate-decision\/","title":{"rendered":"Oil prices fall as investors focus on looming Fed rate decision"},"content":{"rendered":"<p>Oil prices fell on Monday ahead of a U.S. Federal Reserve policy meeting as investors tried to gauge the central bank&#8217;s appetite for further interest rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.<\/p>\n<p>Brent crude futures were down $2.12, or 2.8%, to $72.67 a barrel by 1350 GMT. U.S. West Texas Intermediate (WTI) crude was down $2.33, or 3.3%, at $67.84.<\/p>\n<p>Last week both benchmarks posted a second straight weekly decline as disappointing Chinese economic data raised concerns about demand growth in the world&#8217;s largest crude importer.<\/p>\n<p>That helped erase a boost in prices after Saudi Arabia pledged to cut production in July by 1 million barrels per day (bpd).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday ahead of a U.S. Federal Reserve policy meeting as investors tried to gauge the central bank&#8217;s appetite for further interest rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply. Brent crude futures were down $2.12, or 2.8%, to $72.67 a barrel by 1350 GMT. U.S. West Texas Intermediate (WTI) crude was down $2.33, or 3.3%, at $67.84. Last week both benchmarks posted a second straight weekly decline as disappointing Chinese economic data raised concerns about demand growth in the world&#8217;s largest crude importer. That helped erase a boost in [&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":[130,191,136],"tags":[],"class_list":["post-584136","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584136","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=584136"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584136\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}