{"id":549546,"date":"2023-01-24T10:35:03","date_gmt":"2023-01-24T05:05:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=549546"},"modified":"2023-01-24T11:48:49","modified_gmt":"2023-01-24T06:18:49","slug":"oil-prices-rise-to-88-a-barrel-on-back-of-stronger-china-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-to-88-a-barrel-on-back-of-stronger-china-outlook\/","title":{"rendered":"Oil prices rise to $88 a barrel on back of stronger China outlook"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices rose on Monday to $88 a barrel, extending last week&#8217;s gains on the back of a stronger outlook due to an expected economic recovery in top oil importer China this year.<\/p>\n<p>Brent crude was up 42 cents, or 0.48%, to $88.05 at 1025 GMT, while West Texas Intermediate (WTI) U.S. crude rose 33 cents, or 0.4%, to $81.97 a barrel.<\/p>\n<p>Last week Brent rose 2.8%, while the U.S. benchmark logged a 1.8% gain.<\/p>\n<p>Asian trading was slower due to the Lunar New Year holiday, but analysts said that optimism regarding China&#8217;s reopening will likely drive oil prices higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices rose on Monday to $88 a barrel, extending last week&#8217;s gains on the back of a stronger outlook due to an expected economic recovery in top oil importer China this year. Brent crude was up 42 cents, or 0.48%, to $88.05 at 1025 GMT, while West Texas Intermediate (WTI) U.S. crude rose 33 cents, or 0.4%, to $81.97 a barrel. Last week Brent rose 2.8%, while the U.S. benchmark logged a 1.8% gain. Asian trading was slower due to the Lunar New Year holiday, but analysts said that optimism regarding China&#8217;s reopening will likely drive oil [&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":[135,130,169],"tags":[],"class_list":["post-549546","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549546","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=549546"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/549546\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=549546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=549546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=549546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}