{"id":289780,"date":"2019-08-31T06:22:31","date_gmt":"2019-08-31T06:22:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289780"},"modified":"2019-08-31T06:22:31","modified_gmt":"2019-08-31T06:22:31","slug":"oil-prices-fall-but-set-for-big-weekly-gain-on-trade-dispute-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-but-set-for-big-weekly-gain-on-trade-dispute-hopes\/","title":{"rendered":"Oil prices fall but set for big weekly gain on trade dispute hopes"},"content":{"rendered":"<p>TOKYO: Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric. <\/p>\n<p>Brent crude was down by 23 cents, or 0.4%, at $60.85 a barrel, by 0711 GMT, but was heading for a gain of more than 2% for the week. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.7%, to $56.31 a barrel. The contract is still set for a gain of nearly 4% this week. <\/p>\n<p>&#8220;Oil prices remain elevated and we are in the middle of trading range here for both Brent and West Texas,&#8221; said Michael McCarthy, chief market strategist at CMC Markets in Sydney. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO: Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric. Brent crude was down by 23 cents, or 0.4%, at $60.85 a barrel, by 0711 GMT, but was heading for a gain of more than 2% for the week. U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.7%, to $56.31 a barrel. The contract is still set for a gain of nearly 4% this week. [&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":[130,191,136],"tags":[],"class_list":["post-289780","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289780","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=289780"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289780\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}