{"id":530729,"date":"2022-10-19T10:51:46","date_gmt":"2022-10-19T05:21:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=530729"},"modified":"2022-10-19T13:19:54","modified_gmt":"2022-10-19T07:49:54","slug":"oil-prices-steady-on-us-dollar-weakness-recession-fears-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-on-us-dollar-weakness-recession-fears-weigh\/","title":{"rendered":"Oil prices steady on US dollar weakness; recession fears weigh"},"content":{"rendered":"<p>Oil prices steadied in early Asian trade on Tuesday as a weaker US dollar lent support, although rising shale production and fears that stubbornly high inflation could lead the world economy into a recession limited gains. <\/p>\n<p>Brent crude futures rose 9 cents or 0.1 per cent to $91.71 per barrel by 1:20 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents or 0.1 per cent to $85.52 per barrel.<\/p>\n<p>The dollar fell against a basket of major currencies after Britain&#8217;s new finance minister Jeremy Hunt axed much of the government&#8217;s so-called &#8220;mini-budget&#8221;, lifting risk appetite. <\/p>\n<p>The dollar index against a basket of currencies dropped 0.82 per cent to 112.11. A weaker dollar makes oil cheaper for non-US buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices steadied in early Asian trade on Tuesday as a weaker US dollar lent support, although rising shale production and fears that stubbornly high inflation could lead the world economy into a recession limited gains. Brent crude futures rose 9 cents or 0.1 per cent to $91.71 per barrel by 1:20 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents or 0.1 per cent to $85.52 per barrel. The dollar fell against a basket of major currencies after Britain&#8217;s new finance minister Jeremy Hunt axed much of the government&#8217;s so-called &#8220;mini-budget&#8221;, lifting risk appetite. 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":[146,130,177],"tags":[],"class_list":["post-530729","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\/530729","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=530729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/530729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=530729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=530729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=530729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}