{"id":560304,"date":"2023-03-04T10:01:56","date_gmt":"2023-03-04T04:31:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=560304"},"modified":"2023-03-04T11:00:39","modified_gmt":"2023-03-04T05:30:39","slug":"oil-set-for-weekly-gain-as-china-demand-optimism-trumps-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-set-for-weekly-gain-as-china-demand-optimism-trumps-recession-fears\/","title":{"rendered":"Oil set for weekly gain as China demand optimism trumps recession fears"},"content":{"rendered":"<p>Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China&#8217;s demand recovery over-rode recession worries brought by growing crude inventories in the US and tightening monetary policy in Europe.<\/p>\n<p>Brent crude futures fell 31 cents, or 0.4 per cent, to $84.44 a barrel at 0412 GMT. US West Texas Intermediate (WTI) crude futures were down 29 cents, also 0.4 per cent, at $77.87 a barrel.<\/p>\n<p>The retreat in oil prices came as euro zone inflation fell less than expected last month, which boosted expectations of further interest rate increases by the European Central Bank (ECB).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China&#8217;s demand recovery over-rode recession worries brought by growing crude inventories in the US and tightening monetary policy in Europe. Brent crude futures fell 31 cents, or 0.4 per cent, to $84.44 a barrel at 0412 GMT. US West Texas Intermediate (WTI) crude futures were down 29 cents, also 0.4 per cent, at $77.87 a barrel. The retreat in oil prices came as euro zone inflation fell less than expected last month, which boosted expectations of further interest rate increases by the European Central [&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-560304","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\/560304","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=560304"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/560304\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=560304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=560304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=560304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}