{"id":340301,"date":"2020-03-04T11:03:03","date_gmt":"2020-03-04T05:33:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340301"},"modified":"2020-03-04T11:03:03","modified_gmt":"2020-03-04T05:33:03","slug":"oil-jumps-after-fed-cuts-us-interest-rates-then-pares-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-after-fed-cuts-us-interest-rates-then-pares-gains\/","title":{"rendered":"Oil jumps after Fed cuts US interest rates, then pares gains"},"content":{"rendered":"<p>NEW YORK: Oil prices rose on Tuesday but remained below session highs reached after the U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world&#8217;s largest economy from the impact of the coronavirus.<\/p>\n<p>The central bank&#8217;s statement said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%. Crude futures spiked, then pared gains as traders viewed the Fed&#8217;s move as a signal that the situation was more serious than many had thought, said Bob Yawger, director of energy futures at Mizuho in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices rose on Tuesday but remained below session highs reached after the U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world&#8217;s largest economy from the impact of the coronavirus. The central bank&#8217;s statement said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%. Crude futures spiked, then pared gains as traders viewed the Fed&#8217;s move as a signal that the situation was more serious than many had thought, said Bob Yawger, director of energy futures at Mizuho in New York.<\/p>\n","protected":false},"author":39,"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-340301","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\/340301","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340301"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340301\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}