{"id":59876,"date":"2025-05-19T09:34:18","date_gmt":"2025-05-19T09:34:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/19\/oil-prices-decline-on-demand-worries\/"},"modified":"2025-05-19T09:34:18","modified_gmt":"2025-05-19T09:34:18","slug":"oil-prices-decline-on-demand-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/19\/oil-prices-decline-on-demand-worries\/","title":{"rendered":"Oil Prices Decline On Demand Worries"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Oil prices declined on Monday amid demand concerns after official data showed a slowdown in the pace of China&#8217;s industrial output and retail sales.<\/p>\n<p>Ongoing talks to end the war in Ukraine and U.S. debt concerns were also in focus.<br \/>Benchmark Brent crude futures fell half a percent to $65.10 a barrel in European trading, while WTI crude futures were down 0.6 percent at $61.62.<\/p>\n<p>Demand concerns resurfaced as mixed economic readings from China highlighted a fragile recovery. <\/p>\n<p>Industrial output held up in April but retail sales and investment disappointed as firms and households turn more cautious due to the trade war, official data revealed.<\/p>\n<p>On the geopolitical front, U.S. President Donald Trump is holding crunch talks with Russian President Vladimir Putin today to speed up ceasefire efforts after Western leaders demanded an immediate truce.<\/p>\n<p>This follows the first in-person peace talks between Russia and Ukraine in three years, recently held in Istanbul. Trump says today&#8217;s call could be a turning point.<\/p>\n<p>Meanwhile, Moody&#8217;s Ratings stripped the U.S. government of its top credit rating, adding to concerns over the U.S. sovereign bond market and a slowing <span class=\"landLinks\">economy<\/span>.<\/p>\n<p>Moody&#8217;s downgraded the U.S. credit rating by one notch to Aa1 from Aaa, citing rising levels of government debt and interest payments.<\/p>\n<p>The rating agency warned it expects federal deficits to widen to almost nine percent of economic output by 2035, up from 6.4 percent last year.<\/p>\n<p>The downgrade deals a blow to President Donald Trump&#8217;s narrative of economic strength and prosperity. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Oil Prices Decline On Demand Worries<\/a><br \/>\n<br \/>2025-05-19 09:34:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Monday amid demand concerns after official data showed a slowdown in the pace of China&#8217;s industrial output and retail sales. Ongoing talks to end the war&#8230;<\/p>\n","protected":false},"author":2,"featured_media":59877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-59876","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=59876"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/59877"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=59876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=59876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=59876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}