{"id":364605,"date":"2020-07-25T10:24:04","date_gmt":"2020-07-25T04:54:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364605"},"modified":"2020-07-25T10:36:42","modified_gmt":"2020-07-25T05:06:42","slug":"oil-edges-higher-on-weaker-dollar-but-demand-threats-from-us-china-tension-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-on-weaker-dollar-but-demand-threats-from-us-china-tension-2\/","title":{"rendered":"Oil edges higher on weaker dollar, but demand threats from US China tension"},"content":{"rendered":"<p>Oil prices edged higher on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices. <\/p>\n<p>The dollar slid to 22-month lows against a basket of currencies. A weaker dollar usually ups buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies. <\/p>\n<p>Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08. <\/p>\n<p>&#8220;Crude prices are attempting to stabilize as expectations still remain high that Congress will be successful in delivering another pandemic relief package&#8221; for the United States, said Edward Moya, senior market analyst at OANDA in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices. The dollar slid to 22-month lows against a basket of currencies. A weaker dollar usually ups buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies. Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08. &#8220;Crude prices are attempting to [&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":[135,130,169],"tags":[],"class_list":["post-364605","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364605","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=364605"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364605\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}