{"id":458103,"date":"2021-12-23T09:54:42","date_gmt":"2021-12-23T04:24:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=458103"},"modified":"2021-12-23T11:30:54","modified_gmt":"2021-12-23T06:00:54","slug":"oil-prices-rise-as-dollar-slips-amid-omicron-fears-chinas-economy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-as-dollar-slips-amid-omicron-fears-chinas-economy\/","title":{"rendered":"Oil prices rise as dollar slips amid Omicron fears, China&#8217;s economy"},"content":{"rendered":"<p>Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 0.7%, to $71.62 a barrel at 0235 GMT after jumping 3.7% on Tuesday. <\/p>\n<p>Brent crude futures rose 44 cents, or 0.6%, to $74.42 a barrel after gaining 3.4% on Tuesday.<\/p>\n<p>Oil prices typically move inversely to the U.S. dollar, with a weaker greenback making commodities cheaper for those holding other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant and as China said it would be able to sustain economic growth. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 0.7%, to $71.62 a barrel at 0235 GMT after jumping 3.7% on Tuesday. Brent crude futures rose 44 cents, or 0.6%, to $74.42 a barrel after gaining 3.4% on Tuesday. Oil prices typically move inversely to the U.S. dollar, with a weaker greenback making commodities cheaper for those [&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-458103","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\/458103","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=458103"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/458103\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=458103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=458103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=458103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}