{"id":8081,"date":"2008-10-04T00:36:35","date_gmt":"2008-10-04T00:36:35","guid":{"rendered":"http:\/\/151.106.38.4\/2008\/10\/04\/oil-prices-fall-further-on-demand-fears\/"},"modified":"2008-10-04T00:36:35","modified_gmt":"2008-10-04T00:36:35","slug":"oil-prices-fall-further-on-demand-fears","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2008\/10\/04\/oil-prices-fall-further-on-demand-fears\/","title":{"rendered":"Oil prices fall further on demand fears"},"content":{"rendered":"<p><img src=\/old_site\/>World oil prices fell further today in a market increasingly worried that strains in the global economy are leading to a wider slowdown in energy demand, dealers said.<br \/>\nNew York&#8217;s main contract, light sweet crude for November delivery, was USD 1.00 lower at USD 92.97 a barrel, after sliding USD 4.56 to USD 93.97 at the close of floor trading yesterday at the New York Mercantile Exchange.<br \/>\nBrent North Sea crude for November dropped 87 cents to USD 89.69 dollars after a fall of USD 4.77 to settle at USD 90.56 yesterday in London.<br \/>\nYesterday&#8217;s heavy falls came despite the US Senate&#8217;s approval of a government plan to buy up to USD 700 billion worth of tainted mortgage-related assets at the root of a global financial crisis.<br \/>\nOil prices have already dropped sharply from record high levels above USD 147 a barrel in July on worries that demand is shrinking in the US-led global slowdown.<br \/>\n&#8220;Alarm bells are going off around the world,&#8221; he said.<br \/>\nEven if the US bailout bill passes the House of Representatives in a vote expected later today, Johnson said he did not expect oil prices &#8220;to go soaring.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World oil prices fell further today in a market increasingly worried that strains in the global economy are leading to a wider slowdown in energy demand, dealers said. New York&#8217;s main contract, light sweet crude for November delivery, was USD 1.00 lower at USD 92.97 a barrel, after sliding USD 4.56 to USD 93.97 at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8081","post","type-post","status-publish","format-standard"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/8081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=8081"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/8081\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=8081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=8081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=8081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}