{"id":547542,"date":"2023-01-16T11:21:16","date_gmt":"2023-01-16T05:51:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=547542"},"modified":"2023-01-16T11:21:16","modified_gmt":"2023-01-16T05:51:16","slug":"oil-dips-but-hovers-near-2023-highs-on-china-demand-optimism","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-but-hovers-near-2023-highs-on-china-demand-optimism\/","title":{"rendered":"Oil dips, but hovers near 2023 highs on China demand optimism"},"content":{"rendered":"<p>SINGAPORE: Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China&#8217;s reopening will lift fuel demand at the world&#8217;s top crude importer.<\/p>\n<p>Brent crude fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT while US West Texas Intermediate crude was at $79.65 a barrel, down 21 cents, or 0.3%, amid thin trade during a US public holiday.<\/p>\n<p>Both contracts rose more than 8% last week, the biggest weekly gain since October, after China&#8217;s crude imports rose 4% year-on-year in December while Lunar New Year travel brightens the outlook for transportation fuels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China&#8217;s reopening will lift fuel demand at the world&#8217;s top crude importer. Brent crude fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT while US West Texas Intermediate crude was at $79.65 a barrel, down 21 cents, or 0.3%, amid thin trade during a US public holiday. Both contracts rose more than 8% last week, the biggest weekly gain since October, after China&#8217;s crude imports rose 4% year-on-year in December while [&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":[130,219,137],"tags":[],"class_list":["post-547542","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\/547542","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=547542"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547542\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=547542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=547542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=547542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}