{"id":306184,"date":"2019-12-18T12:18:50","date_gmt":"2019-12-18T06:48:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306184"},"modified":"2019-12-18T12:32:17","modified_gmt":"2019-12-18T07:02:17","slug":"oil-steadies-on-us-china-trade-hopes-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steadies-on-us-china-trade-hopes-supply-cuts\/","title":{"rendered":"Oil steadies on US-China trade hopes, supply cuts"},"content":{"rendered":"<p>Oil steadied above $65 a barrel on Tuesday, supported by hopes that the US-China trade deal will bolster oil demand in 2020 and the prospect of lower US crude supplies.<\/p>\n<p>The &#8216;Phase One&#8217; agreement between the world&#8217;s two largest economies has been &#8220;absolutely completed,&#8221; Larry Kudlow, a top White House adviser, said on Monday, adding that US exports to China will double under the deal. <\/p>\n<p>Brent crude, the global benchmark, slipped 12 cents to $65.22 a barrel by 0945 GMT, while US West Texas Intermediate crude eased 14 cents to $60.07.<\/p>\n<p>&#8220;Christmas has definitely arrived early for oil producers,&#8221; said Craig Erlam, analyst at brokerage OANDA. &#8220;Brent could get closer to $70 before the rally starts to run on fumes.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil steadied above $65 a barrel on Tuesday, supported by hopes that the US-China trade deal will bolster oil demand in 2020 and the prospect of lower US crude supplies. The &#8216;Phase One&#8217; agreement between the world&#8217;s two largest economies has been &#8220;absolutely completed,&#8221; Larry Kudlow, a top White House adviser, said on Monday, adding that US exports to China will double under the deal. Brent crude, the global benchmark, slipped 12 cents to $65.22 a barrel by 0945 GMT, while US West Texas Intermediate crude eased 14 cents to $60.07. &#8220;Christmas has definitely arrived early for oil producers,&#8221; said [&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-306184","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\/306184","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=306184"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306184\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}