{"id":72732,"date":"2022-09-23T18:37:40","date_gmt":"2022-09-23T14:37:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72732"},"modified":"2022-09-23T18:42:35","modified_gmt":"2022-09-23T14:42:35","slug":"oil-falls-4-on-slowdown-recession-concerns","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-falls-4-on-slowdown-recession-concerns\/09\/23\/market-updates\/","title":{"rendered":"Oil falls 4% on slowdown, recession concerns"},"content":{"rendered":"\n<p>On Friday, crude oil prices fell to a nine-month low as recession fears are sweeping across global risk assets and the US dollar continued this year&#8217;s advancement to reach a fresh two-decade high against rival currencies. At the time of writing, Brent trades at $84.72 per barrel while WTI trades at $78.6 per barrel.<br><br>Earlier on the day, West Texas Intermediate crude fell as much as 3.8% to $80.35 per barrel, the lowest price since January. The decline was later trimmed to 3.4%. Brent crude, the international benchmark, lost 3.2% to $87.41, its lowest price since January. <br><br>WTI was steering toward weekly loss of more than 5% and Brent headed for a decline of more than 4% for the week.  The threat of a global activity slowdown and even recession continues to sour markets\u2019 sentiment and consequently impact oil prices, with widespread monetary tightening over the last two days fueling fears of a significant hit to growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, crude oil prices fell to a nine-month low as recession fears are sweeping across global risk assets and the US dollar continued this year&#8217;s advancement to reach a fresh two-decade high against rival currencies. At the time of writing, Brent trades at $84.72 per barrel while WTI trades at $78.6 per barrel.Earlier on &hellip;<\/p>\n","protected":false},"author":13,"featured_media":60932,"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":[38,37,36],"tags":[7808,6846,7536],"class_list":["post-72732","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-economic-slowdown","tag-oil","tag-recession"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72732","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72732"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72732\/revisions"}],"predecessor-version":[{"id":72773,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72732\/revisions\/72773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60932"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}