{"id":489585,"date":"2022-05-06T09:42:10","date_gmt":"2022-05-06T04:12:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=489585"},"modified":"2022-05-06T10:54:25","modified_gmt":"2022-05-06T05:24:25","slug":"oil-steadies-near-110-bbl-strong-us-dollar-offsets-supply-worry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steadies-near-110-bbl-strong-us-dollar-offsets-supply-worry\/","title":{"rendered":"Oil steadies near $110\/bbl; strong US dollar offsets supply worry"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.<\/p>\n<p>Brent futures rose 42 cents, or 0.4%, to $110.56 a barrel by 1:54 p.m. EDT (1754 GMT). U.S. West Texas Intermediate (WTI) crude rose 3 cents to $107.84.<\/p>\n<p>The U.S. dollar rebounded to its highest since December 2002, a day after the Federal Reserve affirmed it would take aggressive steps to combat inflation.<\/p>\n<p>A strong dollar makes oil more expensive for holders of other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude. Brent futures rose 42 cents, or 0.4%, to $110.56 a barrel by 1:54 p.m. EDT (1754 GMT). U.S. West Texas Intermediate (WTI) crude rose 3 cents to $107.84. The U.S. dollar rebounded to its highest since December 2002, a day after the Federal Reserve affirmed it would take aggressive steps to combat inflation. A strong [&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-489585","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\/489585","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=489585"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489585\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=489585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=489585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=489585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}