{"id":548650,"date":"2023-01-19T11:48:46","date_gmt":"2023-01-19T06:18:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=548650"},"modified":"2023-01-19T13:54:12","modified_gmt":"2023-01-19T08:24:12","slug":"oil-prices-gain-around-1-on-optimism-over-chinas-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-around-1-on-optimism-over-chinas-recovery\/","title":{"rendered":"Oil prices gain around 1% on optimism over China&#8217;s recovery"},"content":{"rendered":"<p>Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China&#8217;s strict COVID-19 curbs will lead to a fuel demand recovery in the world&#8217;s top oil importer.<\/p>\n<p>Brent crude futures were up $1.12, or 1.30%, to $87.04 a barrel by 1352 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up $1.28, or 1.6%, to $81.46. Both were at their highest since early December.<\/p>\n<p>China&#8217;s economic growth slowed sharply to 3% in 2022, missing the official target of &#8220;around 5.5%&#8221; and marking its second-worst performance since 1976.<\/p>\n<p>But the data still beat analysts&#8217; forecasts after China started rolling back its zero-COVID policy in early December. Analysts polled by Reuters see 2023 growth rebounding to 4.9%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China&#8217;s strict COVID-19 curbs will lead to a fuel demand recovery in the world&#8217;s top oil importer. Brent crude futures were up $1.12, or 1.30%, to $87.04 a barrel by 1352 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up $1.28, or 1.6%, to $81.46. Both were at their highest since early December. China&#8217;s economic growth slowed sharply to 3% in 2022, missing the official target of &#8220;around 5.5%&#8221; and marking its second-worst performance since 1976. But the data still beat [&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":[130,191,136],"tags":[],"class_list":["post-548650","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548650","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=548650"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548650\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=548650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=548650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=548650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}