{"id":222310,"date":"2022-03-29T07:34:46","date_gmt":"2022-03-29T07:34:46","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=222310"},"modified":"2022-03-29T07:34:46","modified_gmt":"2022-03-29T07:34:46","slug":"oil-prices-41","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/","title":{"rendered":"Oil prices are down $7 as fears of slowing demand grow"},"content":{"rendered":"

London, (Business News Report)||<\/strong> Oil prices fell, on Tuesday morning, with growing fears of weak demand for fuel in China, at a time when Shanghai announced the closure of the country’s financial center to conduct Coronavirus tests over a period of nine days.<\/p>\n

Oil prices deepened their losses, and Brent crude fell more than $7 to $113.17 a barrel. And US crude fell $7 to $106.90 a barrel.<\/p>\n

Brent crude futures fell to $115.32 and fell $5.15, or 4.3 percent, to $115.50.<\/p>\n

And US West Texas Intermediate crude futures recorded their lowest level at $108.28 a barrel, down $5.30, or 4.7 percent, to $108.60.<\/p>\n

Brent crude futures fell to $116.00 a barrel, and were trading down $3.88, or 3.2 percent, at $116.77.<\/p>\n

US West Texas Intermediate crude futures recorded their lowest level, reaching $109.30 a barrel, and fell $3.92, or 3.4 percent, to $109.98.<\/p>\n

Both contracts rose 1.4 percent on Friday, marking their first weekly increase in three weeks, with Brent gaining more than 11.5 percent and West Texas Intermediate crude rising 8.8 percent.<\/p>\n

\u201cShanghai\u2019s lockdown prompted a fresh sell-off from disappointed investors as they expected such a lockdown would be avoided,\u201d said Kazuhiko Saito, chief analyst at Fujitomi Securities Co Ltd.<\/p>\n

He added that the market had absorbed the impact of a missile attack on a Saudi oil distribution facility last Friday.<\/p>\n

“Since it is unlikely that OPEC+ will increase oil production at a faster pace than in recent months, we expect the oil market to turn bullish again later this week,” he said.<\/p>\n

The Shanghai city government said all businesses and factories would shut down or have employees work remotely as part of a two-phase shutdown over nine days, after the city set a new record for asymptomatic cases.<\/p>\n

Public transportation, including transportation services, will also be suspended during the closure, further reducing fuel demand.<\/p>\n

The Organization of the Petroleum Exporting Countries (OPEC<\/a>) and its allies known as OPEC+ are scheduled to meet on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"

London, (Business News Report)|| Oil prices fell, on Tuesday morning, with growing fears of weak demand for fuel in China, at a time when Shanghai announced the closure of the country’s financial center to conduct Coronavirus tests over a period of nine days. Oil prices deepened their losses, and Brent crude fell more than $7 […]<\/p>\n","protected":false},"author":4,"featured_media":222311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[278,169,7931,1140],"class_list":["post-222310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-featured","tag-oil","tag-oil-prices","tag-opec"],"yoast_head":"\nOil prices are down $7 as fears of slowing demand grow | BNReport<\/title>\n<meta name=\"description\" content=\"BNReport| Oil prices fell with growing fears of weak demand for fuel in China, as Shanghai closed the country's financial center\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/oil-prices-41\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices are down $7 as fears of slowing demand grow | BNReport\" \/>\n<meta property=\"og:description\" content=\"BNReport| Oil prices fell with growing fears of weak demand for fuel in China, as Shanghai closed the country's financial center\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/oil-prices-41\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-29T07:34:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Oil-prices-5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1368\" \/>\n\t<meta property=\"og:image:height\" content=\"911\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BNR staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BNR staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/\"},\"author\":{\"name\":\"BNR staff\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\"},\"headline\":\"Oil prices are down $7 as fears of slowing demand grow\",\"datePublished\":\"2022-03-29T07:34:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/\"},\"wordCount\":315,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Oil-prices-5.jpg\",\"keywords\":[\"Featured\",\"Oil\",\"Oil Prices\",\"OPEC\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/\",\"name\":\"Oil prices are down $7 as fears of slowing demand grow | BNReport\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Oil-prices-5.jpg\",\"datePublished\":\"2022-03-29T07:34:46+00:00\",\"description\":\"BNReport| Oil prices fell with growing fears of weak demand for fuel in China, as Shanghai closed the country's financial center\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Oil-prices-5.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Oil-prices-5.jpg\",\"width\":1368,\"height\":911,\"caption\":\"Oil prices\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/oil-prices-41\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil prices are down $7 as fears of slowing demand grow\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\",\"name\":\"BNR staff\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/mnsa\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil prices are down $7 as fears of slowing demand grow | BNReport","description":"BNReport| Oil prices fell with growing fears of weak demand for fuel in China, as Shanghai closed the country's financial center","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/","og_locale":"en_US","og_type":"article","og_title":"Oil prices are down $7 as fears of slowing demand grow | BNReport","og_description":"BNReport| Oil prices fell with growing fears of weak demand for fuel in China, as Shanghai closed the country's financial center","og_url":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2022-03-29T07:34:46+00:00","og_image":[{"width":1368,"height":911,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Oil-prices-5.jpg","type":"image\/jpeg"}],"author":"BNR staff","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"BNR staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/"},"author":{"name":"BNR staff","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e"},"headline":"Oil prices are down $7 as fears of slowing demand grow","datePublished":"2022-03-29T07:34:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/"},"wordCount":315,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Oil-prices-5.jpg","keywords":["Featured","Oil","Oil Prices","OPEC"],"articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/","url":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/","name":"Oil prices are down $7 as fears of slowing demand grow | BNReport","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Oil-prices-5.jpg","datePublished":"2022-03-29T07:34:46+00:00","description":"BNReport| Oil prices fell with growing fears of weak demand for fuel in China, as Shanghai closed the country's financial center","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/oil-prices-41\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Oil-prices-5.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2022\/03\/Oil-prices-5.jpg","width":1368,"height":911,"caption":"Oil prices"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/oil-prices-41\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Oil prices are down $7 as fears of slowing demand grow"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e","name":"BNR staff","url":"https:\/\/www.bnreport.com\/en\/author\/mnsa\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/222310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=222310"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/222310\/revisions"}],"predecessor-version":[{"id":222313,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/222310\/revisions\/222313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/222311"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=222310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=222310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=222310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}