{"id":551586,"date":"2023-02-01T10:00:35","date_gmt":"2023-02-01T04:30:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551586"},"modified":"2023-02-01T11:00:03","modified_gmt":"2023-02-01T05:30:03","slug":"oil-nears-3-week-low-then-steadies-on-higher-us-demand-weaker-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-nears-3-week-low-then-steadies-on-higher-us-demand-weaker-dollar\/","title":{"rendered":"Oil nears 3-week low then steadies on higher US demand, weaker dollar"},"content":{"rendered":"<p>Oil prices were steady on Tuesday after dropping close to a three-week low, drawing support from a weakening dollar and on data showing demand for U.S. crude and petroleum products rose in November.<\/p>\n<p>Although the front-month Brent futures contract was down 37 cents to $84.53 a barrel in low volumes, the more actively traded April Brent futures rose by 89 cents, or 1.1%, to $85.39 by 12:47 p.m. EST (1747 GMT).<\/p>\n<p>U.S. WTI crude rose 92 cents, or 1.2%, to $78.82 a barrel.<\/p>\n<p>More volatility on the day of expiration kept the front-month contract under pressure as traders closed positions, said Mizuho analyst Robert Yawger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady on Tuesday after dropping close to a three-week low, drawing support from a weakening dollar and on data showing demand for U.S. crude and petroleum products rose in November. Although the front-month Brent futures contract was down 37 cents to $84.53 a barrel in low volumes, the more actively traded April Brent futures rose by 89 cents, or 1.1%, to $85.39 by 12:47 p.m. EST (1747 GMT). U.S. WTI crude rose 92 cents, or 1.2%, to $78.82 a barrel. More volatility on the day of expiration kept the front-month contract under pressure as traders closed positions, [&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-551586","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\/551586","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=551586"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551586\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}