{"id":547964,"date":"2023-01-17T11:16:23","date_gmt":"2023-01-17T05:46:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=547964"},"modified":"2023-01-17T12:57:42","modified_gmt":"2023-01-17T07:27:42","slug":"oil-dips-but-hovers-near-2023-highs-on-china-demand-optimism-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-but-hovers-near-2023-highs-on-china-demand-optimism-2\/","title":{"rendered":"Oil dips, but hovers near 2023 highs on China demand optimism"},"content":{"rendered":"<p>Oil prices dipped on Monday, but optimism that China&#8217;s reopening from Covid restrictions will lift fuel demand in the world&#8217;s top crude importer kept prices near 2023 highs, reached after a surge in prices last week.<\/p>\n<p>Brent crude fell 64 cents, or 0.8 per cent, to $84.64 a barrel by 0525 GMT, while US West Texas Intermediate crude was at $79.30 a barrel, down 56 cents, or 0.7 per cent, amid thin trade during a US public holiday.<\/p>\n<p>Both contracts rose more than 8 per cent last week, the biggest weekly gains since October and that may have spurred some short-term selling to lock in the profits from the move higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dipped on Monday, but optimism that China&#8217;s reopening from Covid restrictions will lift fuel demand in the world&#8217;s top crude importer kept prices near 2023 highs, reached after a surge in prices last week. Brent crude fell 64 cents, or 0.8 per cent, to $84.64 a barrel by 0525 GMT, while US West Texas Intermediate crude was at $79.30 a barrel, down 56 cents, or 0.7 per cent, amid thin trade during a US public holiday. Both contracts rose more than 8 per cent last week, the biggest weekly gains since October and that may have spurred some [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-547964","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547964","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=547964"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547964\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=547964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=547964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=547964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}