{"id":505388,"date":"2022-07-14T10:40:00","date_gmt":"2022-07-14T05:10:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505388"},"modified":"2022-07-14T12:57:36","modified_gmt":"2022-07-14T07:27:36","slug":"oil-edges-higher-market-wary-of-us-inflation-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-market-wary-of-us-inflation-data\/","title":{"rendered":"Oil edges higher; market wary of US inflation data"},"content":{"rendered":"<p>Oil edged up on Wednesday, a day after it fell through $100 a barrel for the first time since April, while traders looked towards US inflation data that could weaken the market. <\/p>\n<p>Brent crude futures were up 24 cents, or 0.2 per cent, at $99.73 a barrel at 0325 GMT. US West Texas Intermediate crude gained 10 cents, or 0.1 per cent, to $95.94.<\/p>\n<p>Investors have sold oil positions on worries that aggressive interest rate hikes to stem inflation will spur an economic downturn that will hit oil demand. Prices fell by more than 7 per cent on Tuesday amid volatile trading. <\/p>\n<p>A further concern is that US interest rate rises in response to high inflation will push up the dollar, also undermining oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil edged up on Wednesday, a day after it fell through $100 a barrel for the first time since April, while traders looked towards US inflation data that could weaken the market. Brent crude futures were up 24 cents, or 0.2 per cent, at $99.73 a barrel at 0325 GMT. US West Texas Intermediate crude gained 10 cents, or 0.1 per cent, to $95.94. Investors have sold oil positions on worries that aggressive interest rate hikes to stem inflation will spur an economic downturn that will hit oil demand. Prices fell by more than 7 per cent on Tuesday amid [&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":[146,130,177],"tags":[],"class_list":["post-505388","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505388","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=505388"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505388\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}