{"id":551968,"date":"2023-02-02T10:17:11","date_gmt":"2023-02-02T04:47:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551968"},"modified":"2023-02-02T10:56:23","modified_gmt":"2023-02-02T05:26:23","slug":"oil-prices-climb-as-dollar-slumps-opec-keeps-output-cut-policy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-as-dollar-slumps-opec-keeps-output-cut-policy\/","title":{"rendered":"Oil prices climb as dollar slumps, OPEC+ keeps output cut policy"},"content":{"rendered":"<p>(Reuters) -Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision to roll over an output cut helped ease oversupply concerns.<\/p>\n<p>Brent crude futures rose 65 cents, or 0.8%, at $83.49 a barrel as of 0353 GMT, while West Texas Intermediate (WTI) U.S. crude futures advanced 71 cents, or 0.9%, to $77.12 a barrel.<\/p>\n<p>Both benchmarks plunged more than 3% overnight after U.S. government data showed big builds in crude and oil products inventory.<\/p>\n<p>The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet continued to promise &#8220;ongoing increases&#8221; in borrowing costs as part of its ongoing battle against inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision to roll over an output cut helped ease oversupply concerns. Brent crude futures rose 65 cents, or 0.8%, at $83.49 a barrel as of 0353 GMT, while West Texas Intermediate (WTI) U.S. crude futures advanced 71 cents, or 0.9%, to $77.12 a barrel. Both benchmarks plunged more than 3% overnight after U.S. government data showed big builds in crude and oil products inventory. The Federal Reserve raised its target interest rate by a [&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-551968","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\/551968","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=551968"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551968\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}