{"id":409776,"date":"2021-04-08T08:28:21","date_gmt":"2021-04-08T02:58:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409776"},"modified":"2021-04-08T13:05:53","modified_gmt":"2021-04-08T07:35:53","slug":"oil-prices-decline-despite-prospects-for-stronger-global-economic-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-decline-despite-prospects-for-stronger-global-economic-outlook\/","title":{"rendered":"Oil prices decline despite prospects for stronger global economic outlook"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices eased on Wednesday despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports. <\/p>\n<p>Brent crude futures fell by 36 cents, or 0.6%, to $62.38 a barrel by 0843 GMT while U.S. West Texas Intermediate crude was down 36 cents, or 0.6%, at $58.97.<\/p>\n<p>Prices were trading in positive territory earlier in the session, buoyed by improving economic data.<\/p>\n<p>&#8220;Optimism on the global economic outlook boosted sentiment in the crude oil market,&#8221; analysts from ANZ bank said. <\/p>\n<p>The International Monetary Fund on Tuesday said that unprecedented public spending to fight COVID-19 would push global growth to 6% this year, a rate not achieved since the 1970s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices eased on Wednesday despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports. Brent crude futures fell by 36 cents, or 0.6%, to $62.38 a barrel by 0843 GMT while U.S. West Texas Intermediate crude was down 36 cents, or 0.6%, at $58.97. Prices were trading in positive territory earlier in the session, buoyed by improving economic data. &#8220;Optimism on the global economic outlook boosted sentiment in the crude oil market,&#8221; analysts from ANZ bank said. The [&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-409776","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\/409776","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=409776"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409776\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}