{"id":300134,"date":"2019-11-08T11:40:18","date_gmt":"2019-11-08T06:10:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300134"},"modified":"2019-11-08T11:57:59","modified_gmt":"2019-11-08T06:27:59","slug":"oil-rebounds-on-fresh-hopes-for-us-china-trade-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rebounds-on-fresh-hopes-for-us-china-trade-deal\/","title":{"rendered":"Oil rebounds on fresh hopes for US-China trade deal"},"content":{"rendered":"<p>Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the US, offsetting downward pressure from a huge increase in US crude stockpiles. <\/p>\n<p>Brent crude futures were up 33 cents, or 0.5 per cent at $62.07 a barrel by 0812 GMT, after settling down $1.22 per barrel, or almost 2 per cent on Wednesday. <\/p>\n<p>West Texas Intermediate crude futures rose 37 cents, or 0.7 per cent, from their last close to $56.72 a barrel. They settled 88 cents lower, or 1.54 per cent, in the previous session. <\/p>\n<p>China&#8217;s commerce ministry said on Thursday that while Beijing and Washington still have to agree to simultaneously cancel some existing tariffs on each other&#8217;s goods for both sides to reach a &#8216;Phase One&#8217; trade deal, they have agreed to cancel additional tariffs in different phases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the US, offsetting downward pressure from a huge increase in US crude stockpiles. Brent crude futures were up 33 cents, or 0.5 per cent at $62.07 a barrel by 0812 GMT, after settling down $1.22 per barrel, or almost 2 per cent on Wednesday. West Texas Intermediate crude futures rose 37 cents, or 0.7 per cent, from their last close to $56.72 a barrel. They settled 88 cents lower, or 1.54 per cent, in the previous session. China&#8217;s commerce ministry said on Thursday [&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-300134","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300134","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=300134"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300134\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}