{"id":569566,"date":"2023-04-13T12:10:42","date_gmt":"2023-04-13T06:40:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=569566"},"modified":"2023-04-13T12:35:56","modified_gmt":"2023-04-13T07:05:56","slug":"oil-steady-as-market-awaits-key-us-inflation-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-as-market-awaits-key-us-inflation-data\/","title":{"rendered":"Oil steady as market awaits key US inflation data"},"content":{"rendered":"<p>Oil prices were mostly steady on Wednesday as the market waited for US inflation data later in the day that will likely influence the Federal Reserve&#8217;s policy on future interest rate hikes.<\/p>\n<p>Brent crude edged up 3 cents to $85.64 a barrel as of 0403 GMT, while US West Texas Intermediate dipped 2 cents to $81.51 a barrel.<\/p>\n<p>Prices had risen about 2 per cent on Tuesday amid optimism that the US Federal Reserve is getting closer to ending its cycle of interest rate hikes, making dollar-priced oil cheaper for buyers holding other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were mostly steady on Wednesday as the market waited for US inflation data later in the day that will likely influence the Federal Reserve&#8217;s policy on future interest rate hikes. Brent crude edged up 3 cents to $85.64 a barrel as of 0403 GMT, while US West Texas Intermediate dipped 2 cents to $81.51 a barrel. Prices had risen about 2 per cent on Tuesday amid optimism that the US Federal Reserve is getting closer to ending its cycle of interest rate hikes, making dollar-priced oil cheaper for buyers holding other currencies.<\/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-569566","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\/569566","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=569566"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569566\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=569566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=569566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=569566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}