{"id":504770,"date":"2022-07-12T11:30:48","date_gmt":"2022-07-12T06:00:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504770"},"modified":"2022-07-12T11:30:48","modified_gmt":"2022-07-12T06:00:48","slug":"oil-steadies-as-chinas-covid-19-fears-face-tight-supply-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steadies-as-chinas-covid-19-fears-face-tight-supply-concerns\/","title":{"rendered":"Oil steadies as China&#8217;s Covid-19 fears face tight supply concerns"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices were little changed on Monday as markets balanced an expected drop in demand because of mass testing for COVID-19 in China against ongoing concerns over tight supply.<\/p>\n<p>Brent futures fell 33 cents, or 0.3%, to $106.69 a barrel by 12:43 p.m. EDT (1643 GMT), while U.S. West Texas Intermediate (WTI) crude fell 86 cents, or 0.8%, to $103.93.<\/p>\n<p>With the U.S. Federal Reserve expected to keep raising interest rates, open interest in NYMEX futures fell on July 7 to its lowest since October 2015 as investors cut back on risky assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices were little changed on Monday as markets balanced an expected drop in demand because of mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent futures fell 33 cents, or 0.3%, to $106.69 a barrel by 12:43 p.m. EDT (1643 GMT), while U.S. West Texas Intermediate (WTI) crude fell 86 cents, or 0.8%, to $103.93. With the U.S. Federal Reserve expected to keep raising interest rates, open interest in NYMEX futures fell on July 7 to its lowest since October 2015 as investors cut back on risky assets.<\/p>\n","protected":false},"author":39,"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-504770","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\/504770","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=504770"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504770\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}