{"id":310395,"date":"2020-01-14T12:29:19","date_gmt":"2020-01-14T06:59:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=310395"},"modified":"2020-01-14T12:46:08","modified_gmt":"2020-01-14T07:16:08","slug":"oil-prices-rise-ahead-of-us-china-trade-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-ahead-of-us-china-trade-deal\/","title":{"rendered":"Oil prices rise ahead of US-China trade deal"},"content":{"rendered":"<p>Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world&#8217;s top oil consumers, and on expectations of a drawdown in US crude oil inventories.<\/p>\n<p>However, price gains were capped by receding Middle East tensions, with both Tehran and Washington desisting from any further escalation after this month&#8217;s clashes.<\/p>\n<p>Brent crude was up 16 cents, or 0.3per cent, at $64.36 per barrel by 0301 GMT after falling 1per cent on Monday. US West Texas Intermediate crude futures were up 13 cents, or 0.2per cent, at $58.21 a barrel.<\/p>\n<p>\u201cOil prices are modestly rebounding, following four days of intense selling,\u201d said Edward Moya, analyst at brokerage OANDA, pointing to trade-deal optimism and fading concerns over the US-Iran conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world&#8217;s top oil consumers, and on expectations of a drawdown in US crude oil inventories. However, price gains were capped by receding Middle East tensions, with both Tehran and Washington desisting from any further escalation after this month&#8217;s clashes. Brent crude was up 16 cents, or 0.3per cent, at $64.36 per barrel by 0301 GMT after falling 1per cent on Monday. US West Texas Intermediate crude futures were up 13 cents, or 0.2per cent, at $58.21 [&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-310395","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310395","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=310395"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/310395\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=310395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=310395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=310395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}