{"id":589592,"date":"2023-07-07T09:41:35","date_gmt":"2023-07-07T04:11:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=589592"},"modified":"2023-07-07T10:41:51","modified_gmt":"2023-07-07T05:11:51","slug":"oil-drops-1-as-market-frets-about-risk-of-us-interest-rate-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-1-as-market-frets-about-risk-of-us-interest-rate-hike\/","title":{"rendered":"Oil drops 1% as market frets about risk of US interest rate hike"},"content":{"rendered":"<p>Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a US interest rate hike that could dent energy demand, while tighter US crude supplies limited losses. <\/p>\n<p>Brent crude futures were down 91 cents, or 1.2%, to $75.74 a barrel by 11:14 am EDT (1514 GMT), after a 0.5% gain the previous day. <\/p>\n<p>US West Texas Intermediate crude dropped 82 cents, or 1.1%, to $70.97 a barrel, after rising 2.9% in post-holiday trade on Wednesday to catch up with Brent&#8217;s gains earlier in the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell over 1% on Thursday as the market digested the higher likelihood of a US interest rate hike that could dent energy demand, while tighter US crude supplies limited losses. Brent crude futures were down 91 cents, or 1.2%, to $75.74 a barrel by 11:14 am EDT (1514 GMT), after a 0.5% gain the previous day. US West Texas Intermediate crude dropped 82 cents, or 1.1%, to $70.97 a barrel, after rising 2.9% in post-holiday trade on Wednesday to catch up with Brent&#8217;s gains earlier in the week.<\/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":[135,130,169],"tags":[],"class_list":["post-589592","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589592","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=589592"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589592\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=589592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=589592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=589592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}