{"id":559302,"date":"2023-03-01T10:52:06","date_gmt":"2023-03-01T05:22:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=559302"},"modified":"2023-03-01T12:31:54","modified_gmt":"2023-03-01T07:01:54","slug":"oil-lower-on-firm-dollar-market-shrugs-off-russian-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-lower-on-firm-dollar-market-shrugs-off-russian-supply-cuts\/","title":{"rendered":"Oil lower on firm dollar, market shrugs off Russian supply cuts"},"content":{"rendered":"<p>Oil prices inched lower in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia&#8217;s plans to deepen oil supply cuts.<\/p>\n<p>West Texas Intermediate US crude futures (WTI) traded at $76.09 a barrel, 23 cents, or 0.3 per cent lower, while Brent crude futures were down 30 cents, or 0.36 per cent, at $82.86 a barrel at 0411 GMT.<\/p>\n<p>Both benchmarks closed more than 90 cents higher on Friday.<\/p>\n<p>The dollar hovered near a seven-week peak on Monday after a slew of strong US economic data reinforced the view that the Federal Reserve will have to raise interest rates further and for longer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices inched lower in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia&#8217;s plans to deepen oil supply cuts. West Texas Intermediate US crude futures (WTI) traded at $76.09 a barrel, 23 cents, or 0.3 per cent lower, while Brent crude futures were down 30 cents, or 0.36 per cent, at $82.86 a barrel at 0411 GMT. Both benchmarks closed more than 90 cents higher on Friday. The dollar hovered near a seven-week peak on Monday after a slew of strong US economic data reinforced the view that the Federal [&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-559302","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\/559302","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=559302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/559302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=559302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=559302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=559302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}