{"id":420848,"date":"2021-06-17T08:50:14","date_gmt":"2021-06-17T03:20:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420848"},"modified":"2021-06-17T09:53:26","modified_gmt":"2021-06-17T04:23:26","slug":"oil-falls-below-72-a-barrel-following-feds-tilt-towards-tightening-policy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-below-72-a-barrel-following-feds-tilt-towards-tightening-policy\/","title":{"rendered":"Oil falls below $72 a barrel following Fed&#8217;s tilt towards tightening policy"},"content":{"rendered":"<p>Oil fell after the Federal Reserve tilted toward tightening policy, aiding the dollar and offsetting signs of a stronger crude market. <\/p>\n<p>West Texas Intermediate lost 0.8% in early Asian trading after ending Wednesday almost unchanged. Following a regular policy meeting, Fed Chairman Jerome Powell said officials would begin talks on tapering massive asset purchases, while penciling in two rate hikes by the end of 2023. A rise in the dollar reduces the appeal of commodities priced in the currency. <\/p>\n<p>Still, the oil market continues to display signs of strength as the pandemic ebbs. A U.S. government report showed domestic crude supplies sank last week as mobility picks up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell after the Federal Reserve tilted toward tightening policy, aiding the dollar and offsetting signs of a stronger crude market. West Texas Intermediate lost 0.8% in early Asian trading after ending Wednesday almost unchanged. Following a regular policy meeting, Fed Chairman Jerome Powell said officials would begin talks on tapering massive asset purchases, while penciling in two rate hikes by the end of 2023. A rise in the dollar reduces the appeal of commodities priced in the currency. Still, the oil market continues to display signs of strength as the pandemic ebbs. A U.S. government report showed domestic crude [&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-420848","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\/420848","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=420848"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420848\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}