{"id":546811,"date":"2023-01-10T11:30:29","date_gmt":"2023-01-10T06:00:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=546811"},"modified":"2023-01-10T11:30:29","modified_gmt":"2023-01-10T06:00:29","slug":"oil-rises-as-chinese-border-opening-spurs-fuel-demand-optimism","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-as-chinese-border-opening-spurs-fuel-demand-optimism\/","title":{"rendered":"Oil rises as Chinese border opening spurs fuel demand optimism"},"content":{"rendered":"<p>SINGAPORE: Oil prices climbed on Monday as the borders reopened in China, the world&#8217;s top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns.<\/p>\n<p>Brent crude futures rose 90 cents, or 1.2%, to $79.47 a barrel at 0520 GMT, while US West Texas Intermediate crude was up 90 cents, or 1.2%, at $74.67.<\/p>\n<p>Hopes for less-aggressive US interest rate rises are buoying financial markets and depressing the dollar. A weaker greenback makes dollar-denominated commodities more affordable for investors holding other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices climbed on Monday as the borders reopened in China, the world&#8217;s top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. Brent crude futures rose 90 cents, or 1.2%, to $79.47 a barrel at 0520 GMT, while US West Texas Intermediate crude was up 90 cents, or 1.2%, at $74.67. Hopes for less-aggressive US interest rate rises are buoying financial markets and depressing the dollar. A weaker greenback makes dollar-denominated commodities more affordable for investors holding other currencies.<\/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-546811","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\/546811","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=546811"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/546811\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=546811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=546811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=546811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}