{"id":395775,"date":"2021-01-16T11:47:38","date_gmt":"2021-01-16T06:17:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395775"},"modified":"2021-01-16T12:20:12","modified_gmt":"2021-01-16T06:50:12","slug":"oil-retreats-from-10-month-high-as-stronger-dollar-dents-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-retreats-from-10-month-high-as-stronger-dollar-dents-rally\/","title":{"rendered":"Oil retreats from 10-month high as stronger dollar dents rally"},"content":{"rendered":"<p>Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally, while investors assessed what impact a potential U.S. stimulus package will have on driving fuel demand higher.<\/p>\n<p>Futures in New York slid 0.9% to trade near $53 a barrel as a stronger dollar reduced the appeal of raw materials like oil that are priced in the currency. President-elect Joe Biden will ask Congress for $1.9 trillion to fund immediate relief for the economy that has been pummeled by the Covid-19 pandemic.<\/p>\n<p>Crude is still set for the 10th weekly increase in eleven weeks, even after prices climbed into overbought territory. Worsening U.S.-China relations, meanwhile, are back in the spotlight after Washington blacklisted deepwater explorer Cnooc Ltd. for involvement in the disputed South China Sea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally, while investors assessed what impact a potential U.S. stimulus package will have on driving fuel demand higher. Futures in New York slid 0.9% to trade near $53 a barrel as a stronger dollar reduced the appeal of raw materials like oil that are priced in the currency. President-elect Joe Biden will ask Congress for $1.9 trillion to fund immediate relief for the economy that has been pummeled by the Covid-19 pandemic. Crude is still set for the 10th weekly increase in eleven [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-395775","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395775","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395775"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395775\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}