{"id":535055,"date":"2022-11-09T09:44:56","date_gmt":"2022-11-09T04:14:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=535055"},"modified":"2022-11-09T11:01:44","modified_gmt":"2022-11-09T05:31:44","slug":"oil-slips-on-demand-concerns-but-holds-near-100-a-barrel-as-dollar-weakens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-on-demand-concerns-but-holds-near-100-a-barrel-as-dollar-weakens\/","title":{"rendered":"Oil slips on demand concerns but holds near $100 a barrel as dollar weakens"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices edged lower on Monday on demand concerns linked to China&#8217;s stringent COVID containment policy but remained close to $100 a barrel on support from a weaker dollar and recovering Chinese crude imports.<\/p>\n<p>Brent crude futures fell by 39 cents, or 0.4% to $98.18 a barrel by 1306 GMT. U.S. West Texas Intermediate crude fell by 47 cents, or 0.51%, to $92.14.<\/p>\n<p>Both contracts dropped by more than $1 a barrel earlier in the session after Chinese health officials at the weekend reiterated their commitment to strict COVID containment measures, dashing hopes of a rebound in oil demand from the world&#8217;s top crude importer.<\/p>\n<p>Brent and WTI rose last week, climbing 2.9% and 5.4%, respectively on speculation about a possible end to COVID-19 lockdowns despite the lack of any announced changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices edged lower on Monday on demand concerns linked to China&#8217;s stringent COVID containment policy but remained close to $100 a barrel on support from a weaker dollar and recovering Chinese crude imports. Brent crude futures fell by 39 cents, or 0.4% to $98.18 a barrel by 1306 GMT. U.S. West Texas Intermediate crude fell by 47 cents, or 0.51%, to $92.14. Both contracts dropped by more than $1 a barrel earlier in the session after Chinese health officials at the weekend reiterated their commitment to strict COVID containment measures, dashing hopes of a rebound in oil [&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-535055","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\/535055","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=535055"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535055\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=535055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=535055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=535055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}