{"id":537213,"date":"2022-11-19T11:48:47","date_gmt":"2022-11-19T06:18:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=537213"},"modified":"2022-11-19T13:57:29","modified_gmt":"2022-11-19T08:27:29","slug":"oil-climbs-as-dollar-slips-amid-weak-demand-prospects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-as-dollar-slips-amid-weak-demand-prospects\/","title":{"rendered":"Oil climbs as dollar slips amid weak demand prospects"},"content":{"rendered":"<p>Oil prices rose on Friday as the dollar slipped but were headed for hefty weekly losses on expectations there will be no let-up in sharp US interest rate hikes and the prospect of weaker demand from top oil importer China amid rising Covid-19 cases. <\/p>\n<p>Brent crude futures clawed back 67 cents, up 0.8 per cent to $90.45 a barrel at 0130 GMT, but were not far off a four-week low of $89.53 hit in the previous session.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose 70 cents, or 0.9 per cent, to $82.34 a barrel, but held near a six-week low. <\/p>\n<p>A slight decline in the dollar helped oil prices on Friday, as a weaker greenback makes oil cheaper for buyers holding other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday as the dollar slipped but were headed for hefty weekly losses on expectations there will be no let-up in sharp US interest rate hikes and the prospect of weaker demand from top oil importer China amid rising Covid-19 cases. Brent crude futures clawed back 67 cents, up 0.8 per cent to $90.45 a barrel at 0130 GMT, but were not far off a four-week low of $89.53 hit in the previous session. US West Texas Intermediate (WTI) crude futures rose 70 cents, or 0.9 per cent, to $82.34 a barrel, but held near a six-week [&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-537213","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\/537213","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=537213"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/537213\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=537213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=537213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=537213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}