{"id":606733,"date":"2023-09-27T09:28:35","date_gmt":"2023-09-27T03:58:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=606733"},"modified":"2023-09-27T10:00:36","modified_gmt":"2023-09-27T04:30:36","slug":"oil-prices-fall-as-high-interest-rate-outlook-outweighs-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-high-interest-rate-outlook-outweighs-tight-supply\/","title":{"rendered":"Oil prices fall as high-interest rate outlook outweighs tight supply"},"content":{"rendered":"<p>Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer. <\/p>\n<p>Brent crude futures were down $1.16, or 1.24%, at $92.13 a barrel at 0844 GMT, while U.S. West Texas Intermediate crude futures were trading $1.13 lower, or 1.26%, at $88.55. <\/p>\n<p>&#8220;Fears of an economic recession may again dominate the oil market&#8217;s movement due to surging U.S. bond yields following the Fed&#8217;s hawkish stance last week,&#8221; said Tina Teng, a market analyst at CMC Markets in Auckland.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer. Brent crude futures were down $1.16, or 1.24%, at $92.13 a barrel at 0844 GMT, while U.S. West Texas Intermediate crude futures were trading $1.13 lower, or 1.26%, at $88.55. &#8220;Fears of an economic recession may again dominate the oil market&#8217;s movement due to surging U.S. bond yields following the Fed&#8217;s hawkish stance last week,&#8221; said Tina Teng, a market analyst at CMC Markets in Auckland.<\/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-606733","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\/606733","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=606733"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/606733\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=606733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=606733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=606733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}