{"id":625714,"date":"2024-01-01T09:57:41","date_gmt":"2024-01-01T04:27:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=625714"},"modified":"2024-01-01T10:55:47","modified_gmt":"2024-01-01T05:25:47","slug":"oil-prices-experience-volatility-in-2023-red-sea-tensions-provide-temporary-boost-economic-concerns-leads-to-annual-decline-follow","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-experience-volatility-in-2023-red-sea-tensions-provide-temporary-boost-economic-concerns-leads-to-annual-decline-follow\/","title":{"rendered":"Oil prices experience volatility in 2023: Red sea tensions provide temporary boost, economic concerns leads to annual decline Follow"},"content":{"rendered":"<p>Oil prices have now lost around 20% since their highest level for 2023 of above $90 per barrel.  Concerns about economies and oil demand amid rising interest rates have pushed oil prices down to a 10% decline this year, the first annual drop since 2020. <\/p>\n<p>Despite the OPEC+ production cuts and a new war breaking out in the Middle East.  In last 15 days, crude oil got shot in the arm after it was facing weak demand from Asia and Europe. Prices were sliding down but Red Sea attack gave bulls something to cheer about and we saw prices jumping from 5680 to 6340 in manner of 9 trading sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices have now lost around 20% since their highest level for 2023 of above $90 per barrel. Concerns about economies and oil demand amid rising interest rates have pushed oil prices down to a 10% decline this year, the first annual drop since 2020. Despite the OPEC+ production cuts and a new war breaking out in the Middle East. In last 15 days, crude oil got shot in the arm after it was facing weak demand from Asia and Europe. Prices were sliding down but Red Sea attack gave bulls something to cheer about and we saw prices jumping [&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":[130,195,138],"tags":[],"class_list":["post-625714","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/625714","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=625714"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/625714\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=625714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=625714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=625714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}