{"id":561682,"date":"2023-03-10T10:25:55","date_gmt":"2023-03-10T04:55:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561682"},"modified":"2023-03-10T11:39:51","modified_gmt":"2023-03-10T06:09:51","slug":"oil-little-changed-worries-over-rate-hikes-persist","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-little-changed-worries-over-rate-hikes-persist\/","title":{"rendered":"Oil little changed, worries over rate hikes persist"},"content":{"rendered":"<p>Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the US Federal Reserve, concerns that have triggered a rout in energy prices over the last three days.<\/p>\n<p>Brent futures, which fell about 5 per cent over the last three days, were up marginally from near-three week lows at $81.72 a barrel at 0113 GMT. US West Texas Intermediate (WTI) crude rose 2 cents, or 0.03 per cent, to $75.74, having slumped by nearly 6 per cent in the last three trading sessions.<\/p>\n<p>US Federal Reserve Chair Jerome Powell has warned of higher and potentially faster rate hikes, saying the Fed was wrong in initially thinking inflation was &#8220;transitory&#8221; and was surprised by the strength of the labour market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the US Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures, which fell about 5 per cent over the last three days, were up marginally from near-three week lows at $81.72 a barrel at 0113 GMT. US West Texas Intermediate (WTI) crude rose 2 cents, or 0.03 per cent, to $75.74, having slumped by nearly 6 per cent in the last three trading sessions. US Federal Reserve Chair Jerome Powell has warned of [&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-561682","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\/561682","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=561682"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561682\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}