{"id":544120,"date":"2022-12-20T11:07:10","date_gmt":"2022-12-20T05:37:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=544120"},"modified":"2022-12-20T11:07:10","modified_gmt":"2022-12-20T05:37:10","slug":"oil-rises-as-china-recovery-us-buyback-plan-brighten-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-as-china-recovery-us-buyback-plan-brighten-outlook\/","title":{"rendered":"Oil rises as China recovery, US buyback plan brighten outlook"},"content":{"rendered":"<p>SINGAPORE: Oil rose on Monday as the prospect of demand recovery, led by China&#8217;s loosening of Covid-19 curbs and the United States&#8217; decision to buy back oil for its state reserves, gained the upper hand over global recession fears.<\/p>\n<p>Brent crude futures gained 74 cents, or 0.9%, to $79.78 a barrel by 0458 GMT while US West Texas Intermediate crude was at $75.03 a barrel, up 74 cents, or 1%.<\/p>\n<p>Both benchmarks plunged more than $2 a barrel last Friday, following hawkish remarks from US and European central banks on interest rates hike that sparked worries of possible recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil rose on Monday as the prospect of demand recovery, led by China&#8217;s loosening of Covid-19 curbs and the United States&#8217; decision to buy back oil for its state reserves, gained the upper hand over global recession fears. Brent crude futures gained 74 cents, or 0.9%, to $79.78 a barrel by 0458 GMT while US West Texas Intermediate crude was at $75.03 a barrel, up 74 cents, or 1%. Both benchmarks plunged more than $2 a barrel last Friday, following hawkish remarks from US and European central banks on interest rates hike that sparked worries of possible recession.<\/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":[130,219,137],"tags":[],"class_list":["post-544120","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544120","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=544120"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/544120\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=544120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=544120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=544120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}