{"id":307498,"date":"2019-12-27T11:11:45","date_gmt":"2019-12-27T05:41:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=307498"},"modified":"2019-12-27T11:26:54","modified_gmt":"2019-12-27T05:56:54","slug":"oil-hits-3-month-high-as-strong-us-consumer-spending-gives-growth-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-3-month-high-as-strong-us-consumer-spending-gives-growth-hopes\/","title":{"rendered":"Oil hits 3-month high as strong US consumer spending gives growth hopes"},"content":{"rendered":"<p>Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers, stoking faith in the world&#8217;s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing.<\/p>\n<p>Brent crude futures were up 13 cents, or 0.2 per cent, at $68.05 a barrel at 0150 GMT, while the West Texas Intermediate contract was up 13 cents, or 0.2 per cent, at $61.81 a barrel.<\/p>\n<p>A survey on Thursday showed that online holiday purchases by US consumers reached a record, beating analysts&#8217; expectations and sending US stocks to fresh.<\/p>\n<p>US consumers are \u201cshowing few signs of tightening their purse strings, which is positive for oil also,\u201d said Stephen Innes chief Asia market strategist at AxiTrader.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers, stoking faith in the world&#8217;s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 13 cents, or 0.2 per cent, at $68.05 a barrel at 0150 GMT, while the West Texas Intermediate contract was up 13 cents, or 0.2 per cent, at $61.81 a barrel. A survey on Thursday showed that online holiday purchases by US consumers reached a record, beating analysts&#8217; expectations and sending US stocks to fresh. US consumers [&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-307498","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307498","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=307498"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/307498\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=307498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=307498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=307498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}