{"id":288521,"date":"2019-08-23T06:48:07","date_gmt":"2019-08-23T06:48:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288521"},"modified":"2019-08-23T06:48:07","modified_gmt":"2019-08-23T06:48:07","slug":"oil-prices-eke-out-small-gains-ahead-of-fed-chair-speech","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-eke-out-small-gains-ahead-of-fed-chair-speech\/","title":{"rendered":"Oil prices eke out small gains ahead of Fed Chair speech"},"content":{"rendered":"<p>Oil prices clawed back the previous day\u2019s losses on Friday, with Brent nudging above $60 a barrel, as tighter supplies from key producers offset slowing demand growth while investors await clues from the Federal Reserve on U.S. monetary policy. Brent crude rose 10 cents to $60.02 a barrel by 0118 GMT, while U.S. crude futures were at $55.38 a barrel, up 3 cents. Both contracts were on track for a second weekly gain.<\/p>\n<p>\u201cOil is set to trade quietly today as it\u2019s all about the Jackson Hole (meeting) tonight,\u201d Jeffrey Halley, a Singapore-based senior market analyst at brokerage Oanda. \u201cWhat we\u2019re seeing is some profit-taking in Asia in very light volumes.\u201d<\/p>\n<p>A speech by Federal Reserve Chair Jerome Powell later on Friday  a meeting of central bankers in Jackson Hole is expected to provide some clues on whether the Fed will cut interest rates for a second time this year to boost the U.S. economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices clawed back the previous day\u2019s losses on Friday, with Brent nudging above $60 a barrel, as tighter supplies from key producers offset slowing demand growth while investors await clues from the Federal Reserve on U.S. monetary policy. Brent crude rose 10 cents to $60.02 a barrel by 0118 GMT, while U.S. crude futures were at $55.38 a barrel, up 3 cents. Both contracts were on track for a second weekly gain. \u201cOil is set to trade quietly today as it\u2019s all about the Jackson Hole (meeting) tonight,\u201d Jeffrey Halley, a Singapore-based senior market analyst at brokerage Oanda. \u201cWhat [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-288521","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288521","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=288521"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288521\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}