{"id":5714,"date":"2022-10-24T15:42:50","date_gmt":"2022-10-24T10:12:50","guid":{"rendered":"https:\/\/www.smn24.lk\/?p=5714"},"modified":"2022-10-24T15:42:52","modified_gmt":"2022-10-24T10:12:52","slug":"oil-prices-fall-as-china-cuts-oil-imports","status":"publish","type":"post","link":"https:\/\/www.smn24.lk\/?p=5714","title":{"rendered":"Oil prices fall as China cuts oil imports"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.smn24.lk\/wp-content\/uploads\/2022\/10\/smn-news-2620.jpg\" alt=\"\" class=\"wp-image-5715\" width=\"840\" height=\"452\" srcset=\"https:\/\/www.smn24.lk\/wp-content\/uploads\/2022\/10\/smn-news-2620.jpg 560w, https:\/\/www.smn24.lk\/wp-content\/uploads\/2022\/10\/smn-news-2620-300x161.jpg 300w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Oil prices fell on Monday as investors feared weak oil demand and a global economic downturn as a result of disappointing oil import data from China.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">International benchmark Brent crude traded at $90.44 per barrel at 09.48 a.m. local time (0648 GMT) for a 0.95% decrease from the closing price of $91.31 a barrel in the previous trading session.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">American benchmark West Texas Intermediate (WTI) traded at $84.14 per barrel at the same time for a 1.07% drop after the previous session closed at $85.05 a barrel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week, the People&#8217;s Bank of China (PBOC) announced its decision to keep interest rates unchanged, raising hopes of stronger demand in the world&#8217;s second-largest oil consumer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, bearish data from the National Bureau of Statistics (NBS) revealed on Monday that China&#8217;s crude oil throughput fell 2% in September compared to the previous year, leading to lower oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday as investors feared weak oil demand and a global economic downturn as a result of disappointing oil import data from China. International benchmark Brent crude traded at $90.44 per barrel at 09.48 a.m. local time (0648 GMT) for a 0.95% decrease from the closing price of $91.31 a barrel in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[1095,1094,808,18],"class_list":["post-5714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-brent-crude-oil","tag-crude-oil","tag-oil-price","tag-smn24"],"_links":{"self":[{"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/posts\/5714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5714"}],"version-history":[{"count":1,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/posts\/5714\/revisions"}],"predecessor-version":[{"id":5718,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/posts\/5714\/revisions\/5718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=\/wp\/v2\/media\/5717"}],"wp:attachment":[{"href":"https:\/\/www.smn24.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smn24.lk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}