{"id":265495,"date":"2019-03-22T05:42:33","date_gmt":"2019-03-22T05:42:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265495"},"modified":"2019-03-22T05:42:33","modified_gmt":"2019-03-22T05:42:33","slug":"oil-holds-above-60-as-stronger-dollar-caps-supply-driven-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-above-60-as-stronger-dollar-caps-supply-driven-rally\/","title":{"rendered":"Oil holds above $60 as stronger dollar caps supply-driven rally"},"content":{"rendered":"<p>Oil held near a four-month high as a stronger dollar capped a rally spurred by a bigger-than-expected drain from US stockpiles. <\/p>\n<p>Futures were little changed in New York, after having climbed above $60 a barrel on Wednesday for the first time since November when US government data showed that nationwide stockpiles fell by the most since July. The dollar gained, undermining investors\u2019 appetite for crude and other commodities priced in the US currency. <\/p>\n<p>\u201cOil stocks are getting a little bit tighter than what we\u2019ve been used to,\u201d said Phil Streible, senior market strategist at RJO Futures Group in Chicago. \u201cBut the dollar index is going up and weighing on oil.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil held near a four-month high as a stronger dollar capped a rally spurred by a bigger-than-expected drain from US stockpiles. Futures were little changed in New York, after having climbed above $60 a barrel on Wednesday for the first time since November when US government data showed that nationwide stockpiles fell by the most since July. The dollar gained, undermining investors\u2019 appetite for crude and other commodities priced in the US currency. \u201cOil stocks are getting a little bit tighter than what we\u2019ve been used to,\u201d said Phil Streible, senior market strategist at RJO Futures Group in Chicago. \u201cBut [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-265495","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=265495"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265495\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}