{"id":509875,"date":"2022-07-29T09:31:47","date_gmt":"2022-07-29T04:01:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509875"},"modified":"2022-07-29T09:50:33","modified_gmt":"2022-07-29T04:20:33","slug":"oil-extends-gains-as-risk-appetite-improves-us-inventories-fall-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-gains-as-risk-appetite-improves-us-inventories-fall-2\/","title":{"rendered":"Oil extends gains as risk appetite improves, US inventories fall"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices.<\/p>\n<p>Brent crude futures for September rose $1.65, or 1.55%, to $108.27 a barrel by 1034 GMT, after gaining $2.22 on Wednesday.<\/p>\n<p>U.S. West Texas Intermediate crude (WTI) was at $99.29 a barrel, up $2.03, or 2.09%, after rising $2.28 in the previous session.<\/p>\n<p>&#8220;Yesterday&#8217;s stock market rally after the Fed&#8217;s rate hike and the consequent easing of the dollar helped oil prices re-gain their footing,&#8221; Tamas Varga, analyst at PVM Oil Associates, said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand in the United States supported prices. Brent crude futures for September rose $1.65, or 1.55%, to $108.27 a barrel by 1034 GMT, after gaining $2.22 on Wednesday. U.S. West Texas Intermediate crude (WTI) was at $99.29 a barrel, up $2.03, or 2.09%, after rising $2.28 in the previous session. &#8220;Yesterday&#8217;s stock market rally after the Fed&#8217;s rate hike and the consequent easing of the dollar [&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-509875","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\/509875","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=509875"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509875\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}