{"id":544067,"date":"2022-12-19T11:26:20","date_gmt":"2022-12-19T05:56:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=544067"},"modified":"2022-12-19T11:26:20","modified_gmt":"2022-12-19T05:56:20","slug":"oil-prices-climb-on-account-of-optimism-over-chinas-demand-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-on-account-of-optimism-over-chinas-demand-recovery\/","title":{"rendered":"Oil prices climb on account of optimism over China&#8217;s demand recovery"},"content":{"rendered":"<p>Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China&#8217;s reopening and oil demand recovery outweighed concerns of a global recession.<\/p>\n<p>Brent crude futures rose 72 cents, or 0.9%, to $79.76 a barrel by 0103 GMT while U.S. West Texas Intermediate crude was at $74.89 a barrel, up 60 cents, or 0.8%.<\/p>\n<p>China, the world&#8217;s top crude oil importer and No. 2 oil consumer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China&#8217;s reopening and oil demand recovery outweighed concerns of a global recession. Brent crude futures rose 72 cents, or 0.9%, to $79.76 a barrel by 0103 GMT while U.S. West Texas Intermediate crude was at $74.89 a barrel, up 60 cents, or 0.8%. China, the world&#8217;s top crude oil importer and No. 2 oil consumer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions.<\/p>\n","protected":false},"author":44,"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-544067","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\/544067","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=544067"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544067\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=544067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=544067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=544067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}