{"id":585963,"date":"2023-06-21T11:44:23","date_gmt":"2023-06-21T06:14:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=585963"},"modified":"2023-06-21T13:13:48","modified_gmt":"2023-06-21T07:43:48","slug":"oil-slips-as-china-benchmark-rate-cuts-less-aggressive-than-expected","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-as-china-benchmark-rate-cuts-less-aggressive-than-expected\/","title":{"rendered":"Oil slips as China benchmark rate cuts less aggressive than expected"},"content":{"rendered":"<p>Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected, sowing further concern over the oil demand outlook in the world&#8217;s largest crude importer. Brent crude was down 5 cents at $76.04 a barrel at 03:10 GMT. US West Texas Intermediate (WTI) crude for July was down 99 cents from Friday&#8217;s close at $70.79. The July contract expires at the end of trade on Tuesday. <\/p>\n<p>The more active WTI crude contract for August delivery was down 71 cents from Friday at $71.22 per barrel. There was no settlement in the WTI contract on Monday due to a public holiday in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Tuesday after China cut benchmark lending rates less than some expected, sowing further concern over the oil demand outlook in the world&#8217;s largest crude importer. Brent crude was down 5 cents at $76.04 a barrel at 03:10 GMT. US West Texas Intermediate (WTI) crude for July was down 99 cents from Friday&#8217;s close at $70.79. The July contract expires at the end of trade on Tuesday. The more active WTI crude contract for August delivery was down 71 cents from Friday at $71.22 per barrel. There was no settlement in the WTI contract on Monday due [&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-585963","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\/585963","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=585963"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585963\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=585963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=585963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=585963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}