{"id":68285,"date":"2022-07-11T10:41:15","date_gmt":"2022-07-11T06:41:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68285"},"modified":"2022-07-11T10:41:17","modified_gmt":"2022-07-11T06:41:17","slug":"oil-price-drops-due-to-recession-fears-and-chinas-restrictions","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-price-drops-due-to-recession-fears-and-chinas-restrictions\/07\/11\/market-updates\/","title":{"rendered":"Oil price drops due to recession fears and China&#8217;s restrictions"},"content":{"rendered":"\n<p>Oil prices fell nearly $1 on Monday in choppy trading after worries about a recession and China&#8217;s restrictions to combat COVID-19 outweighed persistent concerns about a supply shortage.<\/p>\n\n\n\n<p>Brent crude futures were down 82 cents, or 0.8 percent, at $106.20 a barrel.<\/p>\n\n\n\n<p>US West Texas Intermediate crude futures fell $1.04, or one percent, to $103.75 a barrel.<\/p>\n\n\n\n<p>Trading was thin due to a public holiday in parts of Southeast Asia.<\/p>\n\n\n\n<p>And contracts for both crudes recorded a weekly decline last week, after fears that rising interest rates to curb inflation could lead to a recession and weaken demand for oil dominated the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell nearly $1 on Monday in choppy trading after worries about a recession and China&#8217;s restrictions to combat COVID-19 outweighed persistent concerns about a supply shortage. Brent crude futures were down 82 cents, or 0.8 percent, at $106.20 a barrel. US West Texas Intermediate crude futures fell $1.04, or one percent, to $103.75 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":44454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846],"class_list":["post-68285","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68285"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68285\/revisions"}],"predecessor-version":[{"id":68286,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68285\/revisions\/68286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}