{"id":523110,"date":"2022-09-19T10:45:50","date_gmt":"2022-09-19T05:15:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=523110"},"modified":"2022-09-19T11:31:05","modified_gmt":"2022-09-19T06:01:05","slug":"oil-prices-climb-on-weak-dollar-supply-concerns-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-on-weak-dollar-supply-concerns-2\/","title":{"rendered":"Oil prices climb on weak dollar, supply concerns"},"content":{"rendered":"<p>Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.<\/p>\n<p>Brent crude futures rose 60 cents, or 0.7 per cent, to $91.95 a barrel by 0330 GMT after settling up 0.5 per cent on Friday. U.S. West Texas Intermediate crude was at $85.50 a barrel, up 39 cents, or 0.5 per cent. The front-month contract expires on Tuesday.<\/p>\n<p>Both contracts, which slid more than 1 per cent last week on concerns that another interest rate hike by the Federal Reserves could slow global growth, were supported by a weaker dollar which came off multi-year highs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand. Brent crude futures rose 60 cents, or 0.7 per cent, to $91.95 a barrel by 0330 GMT after settling up 0.5 per cent on Friday. U.S. West Texas Intermediate crude was at $85.50 a barrel, up 39 cents, or 0.5 per cent. The front-month contract expires on Tuesday. Both contracts, which slid more than 1 per cent last week on concerns that another interest rate hike [&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-523110","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\/523110","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=523110"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/523110\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=523110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=523110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=523110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}