{"id":531075,"date":"2022-10-21T09:40:12","date_gmt":"2022-10-21T04:10:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=531075"},"modified":"2022-10-21T10:16:39","modified_gmt":"2022-10-21T04:46:39","slug":"oil-prices-rise-on-possible-easing-of-covid-quarantine-measure-in-china","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-possible-easing-of-covid-quarantine-measure-in-china\/","title":{"rendered":"Oil prices rise on possible easing of Covid quarantine measure in China"},"content":{"rendered":"<p>Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors.<\/p>\n<p>Brent crude futures for December settlement rose 80 cents, or 0.9%, to $93.21 a barrel at 0610 GMT.<\/p>\n<p>U.S. West Texas Intermediate crude for November delivery (WTI), which expires on Thursday, rose $1.29, or 1.5%, to $86.84 per barrel. The WTI contract for December delivery was last up 1.4%, or $1.16 cents, at $85.68 a barrel.<\/p>\n<p>&#8220;The market is bouncing on that quarantine news and by extension a flickering light at the end of the zero-Covid policy tunnel,&#8221; said Stephen Innes, managing partner at SPI Asset Management, adding that this is &#8220;the first positive sign we have seen out of China on the Covid front.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures for December settlement rose 80 cents, or 0.9%, to $93.21 a barrel at 0610 GMT. U.S. West Texas Intermediate crude for November delivery (WTI), which expires on Thursday, rose $1.29, or 1.5%, to $86.84 per barrel. The WTI contract for December delivery was last up 1.4%, or $1.16 cents, at $85.68 a barrel. &#8220;The market is bouncing on that quarantine news and by extension a flickering light at the end [&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-531075","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\/531075","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=531075"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/531075\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=531075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=531075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=531075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}