{"id":308265,"date":"2020-01-02T10:55:31","date_gmt":"2020-01-02T05:25:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=308265"},"modified":"2020-01-02T11:10:53","modified_gmt":"2020-01-02T05:40:53","slug":"oil-climbs-on-us-china-trade-optimism-west-asian-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-on-us-china-trade-optimism-west-asian-tensions\/","title":{"rendered":"Oil climbs on US-China trade optimism, West Asian tensions"},"content":{"rendered":"<p>Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in West Asia raised worries about supply.<\/p>\n<p>Global benchmark Brent crude futures, were up 21 cents, or 0.3 per cent, to 66.21 a barrel by 0130 GMT. US West Texas Intermediate (WTI) crude was up 21 cents, or 0.3 per cent, at $61.27 per barrel. Oil markets were closed on Wednesday for New Year&#8217;s Day.<\/p>\n<p>Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the year by a thaw in the prolonged trade dispute between the United States and China \u2014 the world&#8217;s two largest economies \u2014 and a deeper output cut pledged by the Organisation of Petroleum Exporting Countries (OPEC) and its allies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in West Asia raised worries about supply. Global benchmark Brent crude futures, were up 21 cents, or 0.3 per cent, to 66.21 a barrel by 0130 GMT. US West Texas Intermediate (WTI) crude was up 21 cents, or 0.3 per cent, at $61.27 per barrel. Oil markets were closed on Wednesday for New Year&#8217;s Day. Both benchmarks ended higher in 2019, posting their biggest annual gains since 2016, buoyed at the end of the [&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-308265","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308265","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=308265"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308265\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=308265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=308265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=308265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}