{"id":276284,"date":"2019-05-28T05:45:43","date_gmt":"2019-05-28T05:45:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276284"},"modified":"2019-05-28T05:50:31","modified_gmt":"2019-05-28T05:50:31","slug":"oil-mixed-as-chinas-economy-weakens-but-opec-cuts-still-support-crude","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-mixed-as-chinas-economy-weakens-but-opec-cuts-still-support-crude\/","title":{"rendered":"Oil mixed as China&#8217;s economy weakens, but OPEC cuts still support crude"},"content":{"rendered":"<p>Oil prices were mixed on Tuesday, pressured by a weakening economy, especially in China, yet still supported by ongoing supply cuts from producer club OPEC and US sanctions against Iran and Venezuela.<\/p>\n<p>Front-month Brent crude futures, the international benchmark for oil prices, were at $69.90 at 0106 GMT. That was 21 cents, or 0.3%, below the last session&#8217;s close, when Brent rose 2.1%.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures were at $59.03 per barrel. They did not trade on Monday due to a public holiday in the United States, but stood 40 cents, or 0.7%, higher than their last close on Friday.<\/p>\n<p>Traders said Brent prices were under pressure from an economic slowdown hitting China as a result of the ongoing trade war with the United States, which is also expected to dent fuel consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were mixed on Tuesday, pressured by a weakening economy, especially in China, yet still supported by ongoing supply cuts from producer club OPEC and US sanctions against Iran and Venezuela. Front-month Brent crude futures, the international benchmark for oil prices, were at $69.90 at 0106 GMT. That was 21 cents, or 0.3%, below the last session&#8217;s close, when Brent rose 2.1%. US West Texas Intermediate (WTI) crude futures were at $59.03 per barrel. They did not trade on Monday due to a public holiday in the United States, but stood 40 cents, or 0.7%, higher than their last [&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":[130],"tags":[],"class_list":["post-276284","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276284","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=276284"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276284\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}