{"id":562841,"date":"2023-03-16T09:31:06","date_gmt":"2023-03-16T04:01:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562841"},"modified":"2023-03-16T10:26:26","modified_gmt":"2023-03-16T04:56:26","slug":"oil-prices-recoup-losses-after-opec-upgrades-china-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-recoup-losses-after-opec-upgrades-china-demand-outlook\/","title":{"rendered":"Oil prices recoup losses after OPEC upgrades China demand outlook"},"content":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices rebounded more than 1% on Wednesday, recovering from the previous day&#8217;s fall, after OPEC&#8217;s upwards revision for Chinese consumption offset bearish global investor sentiment trigged by U.S. bank failures.<\/p>\n<p>Brent crude futures climbed $1.04, or 1.3%, to $78.49 a barrel by 0710 GMT. U.S. West Texas Intermediate crude futures (WTI) gained 98 cents, or 1.4%, to $72.31 a barrel. On Tuesday, the benchmarks shed more than 4% to a three-month low.<\/p>\n<p>&#8220;The oil market has bounced back on its own after the recent sharp losses,&#8221; said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd, adding some investors had used the slide to hunt for bargains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices rebounded more than 1% on Wednesday, recovering from the previous day&#8217;s fall, after OPEC&#8217;s upwards revision for Chinese consumption offset bearish global investor sentiment trigged by U.S. bank failures. Brent crude futures climbed $1.04, or 1.3%, to $78.49 a barrel by 0710 GMT. U.S. West Texas Intermediate crude futures (WTI) gained 98 cents, or 1.4%, to $72.31 a barrel. On Tuesday, the benchmarks shed more than 4% to a three-month low. &#8220;The oil market has bounced back on its own after the recent sharp losses,&#8221; said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd, [&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-562841","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\/562841","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=562841"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562841\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}