{"id":616257,"date":"2023-11-09T09:38:22","date_gmt":"2023-11-09T04:08:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=616257"},"modified":"2023-11-09T10:07:54","modified_gmt":"2023-11-09T04:37:54","slug":"oil-sputters-to-three-month-lows-as-demand-concerns-mount-in-us-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-sputters-to-three-month-lows-as-demand-concerns-mount-in-us-china\/","title":{"rendered":"Oil sputters to three-month lows as demand concerns mount in US, China"},"content":{"rendered":"<p>Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China. <\/p>\n<p>Brent crude futures fell $1.68, or 2%, to $79.93 a barrel by 11:00 a.m. EST (1600 GMT). U.S. crude lost $1.78, or 2.3%, to $75.59. Both benchmarks hit their lowest since late July. <\/p>\n<p>&#8220;The market is clearly less concerned about the potential for Middle Eastern supply disruptions and is instead focused on an easing in the balance,&#8221; ING analysts Warren Patterson and Ewa Manthey said in a note to clients, referring to crude supply conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China. Brent crude futures fell $1.68, or 2%, to $79.93 a barrel by 11:00 a.m. EST (1600 GMT). U.S. crude lost $1.78, or 2.3%, to $75.59. Both benchmarks hit their lowest since late July. &#8220;The market is clearly less concerned about the potential for Middle Eastern supply disruptions and is instead focused on an easing in the balance,&#8221; ING analysts Warren Patterson and Ewa Manthey said in a note to clients, referring to crude [&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":[135,130,169],"tags":[],"class_list":["post-616257","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\/616257","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=616257"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/616257\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=616257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=616257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=616257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}