{"id":311021,"date":"2020-01-18T11:50:40","date_gmt":"2020-01-18T06:20:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=311021"},"modified":"2020-01-18T12:05:41","modified_gmt":"2020-01-18T06:35:41","slug":"oil-ends-week-steady-as-china-growth-offsets-trade-deal-optimism","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-ends-week-steady-as-china-growth-offsets-trade-deal-optimism\/","title":{"rendered":"Oil ends week steady as China growth offsets trade deal optimism"},"content":{"rendered":"<p>Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world&#8217;s biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-US trade deal.<\/p>\n<p>The world&#8217;s second-largest economy grew by 6.1 per cent in 2019, its slowest expansion in 29 years, government data showed on Friday.<\/p>\n<p>&#8220;A well-expected fourth-quarter China GDP rate (6 per cent) provided little clue for oil price trading on Friday morning, and mounting downward economic pressure will perhaps limit oil&#8217;s upside in the mid- to long-term,&#8221; said Margaret Yang, market analyst at CMC Markets.<\/p>\n<p>Brent crude futures were up 44 cents at $65.06 by 1014 GMT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world&#8217;s biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-US trade deal. The world&#8217;s second-largest economy grew by 6.1 per cent in 2019, its slowest expansion in 29 years, government data showed on Friday. &#8220;A well-expected fourth-quarter China GDP rate (6 per cent) provided little clue for oil price trading on Friday morning, and mounting downward economic pressure will perhaps limit oil&#8217;s upside in the mid- to long-term,&#8221; said Margaret [&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-311021","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\/311021","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=311021"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/311021\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=311021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=311021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=311021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}