{"id":500586,"date":"2022-06-25T10:11:28","date_gmt":"2022-06-25T04:41:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=500586"},"modified":"2022-06-25T10:35:42","modified_gmt":"2022-06-25T05:05:42","slug":"oil-rises-almost-2-a-barrel-still-set-for-weekly-drop-on-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-almost-2-a-barrel-still-set-for-weekly-drop-on-recession-fears\/","title":{"rendered":"Oil rises almost $2 a barrel, still set for weekly drop on recession fears"},"content":{"rendered":"<p>LONDON (Reuters) -Oil rose by almost $2 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession.<\/p>\n<p>U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank&#8217;s focus on curbing inflation was &#8220;unconditional&#8221;, adding to fears about more interest rate hikes that have weighed on financial markets.<\/p>\n<p>Brent crude was up $1.68, or 1.5%, at $111.73 a barrel by 1155 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.84, or 1.8%, to $106.11. Both benchmarks were heading for a second weekly decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil rose by almost $2 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession. U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank&#8217;s focus on curbing inflation was &#8220;unconditional&#8221;, adding to fears about more interest rate hikes that have weighed on financial markets. Brent crude was up $1.68, or 1.5%, at $111.73 a barrel by 1155 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.84, or 1.8%, to $106.11. Both benchmarks were heading [&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-500586","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\/500586","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=500586"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/500586\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=500586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=500586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=500586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}