{"id":509579,"date":"2022-07-28T10:17:20","date_gmt":"2022-07-28T04:47:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509579"},"modified":"2022-07-28T11:26:40","modified_gmt":"2022-07-28T05:56:40","slug":"oil-extends-gains-as-risk-appetite-improves-us-inventories-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-gains-as-risk-appetite-improves-us-inventories-fall\/","title":{"rendered":"Oil extends gains as risk appetite improves, US inventories fall"},"content":{"rendered":"<p>Oil gained more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors while lower crude inventories and a rebound in gasoline demand in the United States supported prices. <\/p>\n<p>Brent crude futures for September rose $1.20, or 1.1%, to $107.82 a barrel by 0158 GMT, after gaining $2.22 on Wednesday.<\/p>\n<p>US West Texas Intermediate crude (WTI) was at $98.70 a barrel, up $1.44, or 1.5%, after rising $2.28 in the previous session. <\/p>\n<p>&#8220;Risk sentiment has recovered from recession fears due to the ongoing U.S. earnings optimism and a less aggressive Fed\u2019s rhetoric on rate hikes, which supported a rally in the crude market,&#8221; CMC Markets analyst Tina Teng said, adding that a weakened U.S. dollar has also lifted commodities prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil gained more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors while lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose $1.20, or 1.1%, to $107.82 a barrel by 0158 GMT, after gaining $2.22 on Wednesday. US West Texas Intermediate crude (WTI) was at $98.70 a barrel, up $1.44, or 1.5%, after rising $2.28 in the previous session. &#8220;Risk sentiment has recovered from recession fears due to the ongoing U.S. earnings optimism and a less aggressive Fed\u2019s [&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-509579","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\/509579","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=509579"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509579\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}