{"id":109574,"date":"2020-03-03T15:19:31","date_gmt":"2020-03-03T12:19:31","guid":{"rendered":"https:\/\/www.enerjigazetesi.ist\/?p=109574"},"modified":"2020-03-03T15:44:43","modified_gmt":"2020-03-03T12:44:43","slug":"petrol-fiyatlari-son-bir-yil-icinde-en-dusuk-seviyesini-gordu","status":"publish","type":"post","link":"https:\/\/www.enerjigazetesi.ist\/en\/petrol-fiyatlari-son-bir-yil-icinde-en-dusuk-seviyesini-gordu\/","title":{"rendered":"Oil Prices Sink to Lowest in Over a Year Biggest Weekly Drop Since 2016"},"content":{"rendered":"

<\/p>\n

Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand.<\/h1>\n

The coronavirus spread further, with cases reported for the first time in six countries across three continents, battering markets and leading the World Health Organization (WHO)<\/strong> to raise its impact risk alert to \u201cvery high.\u201d<\/p>\n

\"\"The most active Brent<\/strong> future for May LCOc2 delivery fell $2.06, <\/strong>or 4.0%,<\/strong> to settle at $49.67<\/strong> a barrel, its lowest since July 2017<\/strong>. Brent LCOc1 futures for April delivery, meanwhile, lost $1.66, or 3.2%, to settle at $50.52 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 fell $2.33, or 5.0%, to settle at $44.76. That is the lowest closes for both Brent and WTI since December 2018.<\/p>\n

For the week, Brent lost almost 14%<\/strong>, its biggest weekly percentage decline since January 2016<\/strong>, while WTI fell over 16% in its biggest weekly percentage drop since December 2008<\/strong>.<\/p>\n

Coronavirus panic<\/strong> also sent global stock markets and industrial and precious metals prices tumbling, with losses amounting to $5 trillion<\/strong>. \u201cVirtually all fixed assets are attempting to accurately discount GDP<\/strong> and demand impact from the coronavirus that still appears to be spreading rather than contracting,\u201d Jim Ritterbusch<\/strong>, president of Ritterbusch and Associates in Galena, Illinois, said in a report.<\/p>\n

Reuters<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand. The coronavirus spread further, with cases reported […]<\/p>\n","protected":false},"author":1,"featured_media":109578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[53,44],"tags":[68069,52407,44879,68098,8033,19015,4846,68075,68068,67257,68099,67564,68072,61334,68070,48813,52379,52259,988,68096,68097,68073,66105,68067,65693,42608,42493,68074,1377,53153,347,68071],"views":148,"_links":{"self":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/109574"}],"collection":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/comments?post=109574"}],"version-history":[{"count":6,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/109574\/revisions"}],"predecessor-version":[{"id":109582,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/109574\/revisions\/109582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media\/109578"}],"wp:attachment":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media?parent=109574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/categories?post=109574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/tags?post=109574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}