{"id":599648,"date":"2023-08-25T12:21:12","date_gmt":"2023-08-25T06:51:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=599648"},"modified":"2023-08-25T13:09:09","modified_gmt":"2023-08-25T07:39:09","slug":"oil-down-on-weak-economic-data-us-fed-chiefs-speech-in-spotlight","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-down-on-weak-economic-data-us-fed-chiefs-speech-in-spotlight\/","title":{"rendered":"Oil down on weak economic data, US Fed chief&#8217;s speech in spotlight"},"content":{"rendered":"<p>Oil prices eased on Thursday amid disappointing economic data from key economies and as investors await a speech by U.S. Federal Reserve Chair Jerome Powell on Friday for clues on interest rates. <\/p>\n<p>Brent crude fell 19 cents, or 0.2 per cent, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 24 cents, or 0.3 per cent, to $78.65 a barrel. <\/p>\n<p>Manufacturing data from a host of purchasing managers&#8217; index (PMI) surveys on Wednesday painted a grim picture of the health of economies across the globe, raising demand concerns, analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices eased on Thursday amid disappointing economic data from key economies and as investors await a speech by U.S. Federal Reserve Chair Jerome Powell on Friday for clues on interest rates. Brent crude fell 19 cents, or 0.2 per cent, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 24 cents, or 0.3 per cent, to $78.65 a barrel. Manufacturing data from a host of purchasing managers&#8217; index (PMI) surveys on Wednesday painted a grim picture of the health of economies across the globe, raising demand concerns, analysts said.<\/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-599648","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\/599648","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=599648"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/599648\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=599648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=599648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=599648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}