{"id":546323,"date":"2023-01-05T12:43:21","date_gmt":"2023-01-05T07:13:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=546323"},"modified":"2023-01-05T12:43:21","modified_gmt":"2023-01-05T07:13:21","slug":"crude-oil-prices-rebound-after-opening-the-year-with-steep-losses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-rebound-after-opening-the-year-with-steep-losses\/","title":{"rendered":"Crude oil prices rebound after opening the year with steep losses"},"content":{"rendered":"<p>Oil prices rebounded on Thursday after opening the year down more than 9%, the worst yearly start in over three decades, as investors took advantage of the decline to buy futures on expectations long-term fuel demand will remain steady. The bounceback followed two days of steep declines to start off 2023 as investors worry about a potential global recession and the short-term economic signs in the world\u2019s two biggest oil consumers, the United States and China, appear shaky.<\/p>\n<p>Brent crude futures gained 59 cents to $78.43 a barrel at 0136 GMT, while U.S. West Texas Intermediate crude futures rose 69 cents to $73.53 a barrel. Over the previous two sessions, Brent and WTI\u2019s declines of more than 9% were the biggest two-day losses at the start of a year since January 1991, according to Refinitiv Eikon data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded on Thursday after opening the year down more than 9%, the worst yearly start in over three decades, as investors took advantage of the decline to buy futures on expectations long-term fuel demand will remain steady. The bounceback followed two days of steep declines to start off 2023 as investors worry about a potential global recession and the short-term economic signs in the world\u2019s two biggest oil consumers, the United States and China, appear shaky. Brent crude futures gained 59 cents to $78.43 a barrel at 0136 GMT, while U.S. West Texas Intermediate crude futures rose 69 [&hellip;]<\/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":[130,195,138],"tags":[],"class_list":["post-546323","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/546323","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=546323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/546323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=546323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=546323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=546323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}