{"id":243,"date":"2022-06-13T13:24:52","date_gmt":"2022-06-13T13:24:52","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=243"},"modified":"2022-06-13T13:24:55","modified_gmt":"2022-06-13T13:24:55","slug":"oil-prices-drop-by-more-than-2","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/243\/","title":{"rendered":"Oil prices drop by more than $ 2"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Crude oil prices fell in trading today (Monday, June 23) following Beijing warnings of escalating Covid-19 virus outbreaks and concerns about inflation.<\/p>\n\n\n\n<p>Oil prices fell more than $ 2 a barrel today amid rising Covid-19 stocks in Beijing and lower hopes for a rapid rise in China&#8217;s fuel demand, amid worries about global inflation and weak economic growth, according to Reuters. It put more pressure on global oil markets.<\/p>\n\n\n\n<p>North Sea Brent crude fell $ 2.30 (1.89%) to $ 119.71 a barrel at 6:47 a.m.<\/p>\n\n\n\n<p>West Texas Intermediate crude fell $ 2.27 (1.88 percent) to $ 118.40 a barrel during mid-day trading.<\/p>\n\n\n\n<p>Global crude oil prices fell after Chinese officials warned at the weekend about the escalation of the Corona virus in the Chinese capital, Beijing.<\/p>\n\n\n\n<p>&#8220;China remains one of the drivers of declining oil demand in the short term, but most see the gradual normalization of Chinese demand as a positive factor for oil prices,&#8221; said Stephen Ince, SPI&#8217;s asset management director.<\/p>\n\n\n\n<p>&#8220;Despite the possibility of intensifying quarantine to counter the outbreak of coronavirus in the coming weeks, it is still not normal to reflect demand conditions,&#8221; he wrote.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2022-06-13T13:24:55+00:00\"> 13 June 2022<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Crude oil prices fell in trading today (Monday, June 23) following Beijing warnings of escalating Covid-19 virus outbreaks and concerns about inflation. Oil prices fell more than $ 2 a barrel today amid rising Covid-19 stocks in Beijing and lower hopes for a rapid rise in China&#8217;s fuel demand, amid worries about global inflation and [&hellip;]","protected":false},"author":1,"featured_media":244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,18,19,16],"tags":[],"services":[],"class_list":["post-243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-headline","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=243"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/244"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=243"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}