{"id":75428,"date":"2022-11-10T13:37:32","date_gmt":"2022-11-10T09:37:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75428"},"modified":"2022-11-10T16:08:41","modified_gmt":"2022-11-10T12:08:41","slug":"oil-falls-for-the-fourth-day-affected-by-demand-concerns-in-china","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-falls-for-the-fourth-day-affected-by-demand-concerns-in-china\/11\/10\/market-updates\/","title":{"rendered":"Oil falls for the fourth day, affected by demand concerns in China"},"content":{"rendered":"\n<p>Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world&#8217;s largest importer of crude.<\/p>\n\n\n\n<p>China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. Authorities asked Guangzhou&#8217;s manufacturing hub residents to get tested for COVID-19 on Wednesday.<\/p>\n\n\n\n<p>By 1100 GMT, Brent crude futures fell 68 cents, or 0.7 percent, to $91.97 a barrel. West Texas Intermediate crude futures fell $1.07, or 1.3 percent, to $84.76 a barrel.<\/p>\n\n\n\n<p>The market came under pressure on Wednesday as a result of a significant increase in US crude inventories. Inventories rose by 3.9 million barrels, to their highest since July 2021.<\/p>\n\n\n\n<p>US consumer price index data will be released later on Thursday, and is expected to show a decline in core inflation, monthly and annually.<\/p>\n\n\n\n<p>This may prompt the Federal Reserve to reduce the size of the planned increase in interest rates, which will be considered a positive indicator of economic growth and demand for oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world&#8217;s largest importer of crude. China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. Authorities asked Guangzhou&#8217;s manufacturing hub &hellip;<\/p>\n","protected":false},"author":9,"featured_media":72282,"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":[7156,9733,6909],"class_list":["post-75428","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-brent","tag-recession-fears","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75428","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=75428"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75428\/revisions"}],"predecessor-version":[{"id":75429,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75428\/revisions\/75429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/72282"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}