{"id":306088,"date":"2019-12-17T12:49:58","date_gmt":"2019-12-17T07:19:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306088"},"modified":"2019-12-17T12:49:58","modified_gmt":"2019-12-17T07:19:58","slug":"oil-hovers-near-3-month-high-on-trade-optimism-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hovers-near-3-month-high-on-trade-optimism-supply-cuts\/","title":{"rendered":"Oil hovers near 3-month high on trade optimism, supply cuts"},"content":{"rendered":"<p>Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world\u2019s biggest economies. Brent crude oil futures had slipped by three cents to $65.31 a barrel by 0122 GMT, while West Texas Intermediate crude was down 4 cents to $60.17 a barrel.<\/p>\n<p>Under a partial trade agreement announced last week, Washington will reduce some tariffs on Chinese imports in exchange for Chinese purchases of agricultural, manufactured and energy products increasing by about $200 billion over the next two years. \u201cWhile the partial trade deal leaves most of the tariffs in place, it marks a turning point in the dispute which will eventually lead to fully fledged agreement,\u201d analysts from ANZ Bank said in a note on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world\u2019s biggest economies. Brent crude oil futures had slipped by three cents to $65.31 a barrel by 0122 GMT, while West Texas Intermediate crude was down 4 cents to $60.17 a barrel. Under a partial trade agreement announced last week, Washington will reduce some tariffs on Chinese imports in exchange for Chinese purchases of agricultural, manufactured and energy products increasing [&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-306088","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\/306088","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=306088"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306088\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}