{"id":74458,"date":"2022-10-24T14:19:30","date_gmt":"2022-10-24T10:19:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74458"},"modified":"2022-10-24T14:19:34","modified_gmt":"2022-10-24T10:19:34","slug":"oil-prices-fall-after-data-on-weak-chinese-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-fall-after-data-on-weak-chinese-demand\/10\/24\/market-updates\/","title":{"rendered":"Oil prices fall after data on weak Chinese demand"},"content":{"rendered":"\n<p>Oil prices fell 2 percent on Monday after Chinese data showed that demand from the world&#8217;s largest importer of crude remained weak in September, as strict anti-Covid-19 policies and restrictions on fuel exports reduced consumption.<\/p>\n\n\n\n<p>Brent crude futures fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT, after rising 2 percent last week, while US West Texas Intermediate crude for December delivery fell $1.78, or 2.1 percent, to $83.27. barrel.<\/p>\n\n\n\n<p>Customs data showed that although China&#8217;s crude oil imports for September were higher than August at 9.79 million barrels per day, they were down 2 percent from last year.<\/p>\n\n\n\n<p>In September, Saudi Arabia and Russia were on equal footing as China&#8217;s biggest suppliers.<\/p>\n\n\n\n<p>ING&#8217;s analysts said in a note that the uncertainty over the anti-coronavirus policy and the real estate crisis in China undermined the effectiveness of pro-growth measures. However, GDP growth in the third quarter exceeded expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell 2 percent on Monday after Chinese data showed that demand from the world&#8217;s largest importer of crude remained weak in September, as strict anti-Covid-19 policies and restrictions on fuel exports reduced consumption. Brent crude futures fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT, after rising 2 percent last &hellip;<\/p>\n","protected":false},"author":9,"featured_media":74099,"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":[6944,8285,10035,7685],"class_list":["post-74458","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-eia","tag-refineries","tag-us-oil-inventories","tag-wti-crude-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74458","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=74458"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74458\/revisions"}],"predecessor-version":[{"id":74459,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74458\/revisions\/74459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/74099"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}