{"id":529982,"date":"2022-10-15T10:12:51","date_gmt":"2022-10-15T04:42:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=529982"},"modified":"2022-10-15T11:39:49","modified_gmt":"2022-10-15T06:09:49","slug":"oil-stable-as-opec-quotas-offset-low-chinese-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-stable-as-opec-quotas-offset-low-chinese-demand\/","title":{"rendered":"Oil stable as OPEC+ quotas offset low Chinese demand"},"content":{"rendered":"<p>Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil demand in China.<\/p>\n<p>Brent crude futures were down 31 cents, or 0.3%, at $94.26 a barrel at 0924 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.3%, to $88.86.<\/p>\n<p>The Brent and WTI contracts both oscillated between positive and negative territority on Friday but were down about 4% over the week after two weeks of gains on concern over the global economy. <\/p>\n<p>The U.S. dollar this week dropped from recent highs, making dollar-denominated commodities cheaper for holders of other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil demand in China. Brent crude futures were down 31 cents, or 0.3%, at $94.26 a barrel at 0924 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.3%, to $88.86. The Brent and WTI contracts both oscillated between positive and negative territority on Friday but were down about 4% over the week after two weeks of gains on concern over the global economy. The U.S. 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":[130],"tags":[],"class_list":["post-529982","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529982","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=529982"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529982\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=529982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=529982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=529982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}