{"id":569584,"date":"2023-04-13T12:11:11","date_gmt":"2023-04-13T06:41:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=569584"},"modified":"2023-04-13T12:36:55","modified_gmt":"2023-04-13T07:06:55","slug":"oil-eases-as-investors-remain-cautious-on-recession-fears-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-eases-as-investors-remain-cautious-on-recession-fears-2\/","title":{"rendered":"Oil eases as investors remain cautious on recession fears"},"content":{"rendered":"<p>Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a US recession and weaker oil demand.<\/p>\n<p>Brent crude fell 19 cents, or 0.2 per cent, at $87.14 a barrel by 0116 GMT, while US West Texas Intermediate slid 16 cents, or 0.2 per cent, to $83.10.<\/p>\n<p>Both benchmarks rose 2 per cent on Wednesday to their highest in more than a month as cooling US inflation data spurred hopes that the Federal Reserve is likely to stop hiking interest rates.<\/p>\n<p>However, the previous tightening, which has lifted interest rates to their highest since 2007,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a US recession and weaker oil demand. Brent crude fell 19 cents, or 0.2 per cent, at $87.14 a barrel by 0116 GMT, while US West Texas Intermediate slid 16 cents, or 0.2 per cent, to $83.10. Both benchmarks rose 2 per cent on Wednesday to their highest in more than a month as cooling US inflation data spurred hopes that the Federal Reserve is likely to stop hiking interest rates. However, the previous tightening, which [&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-569584","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\/569584","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=569584"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569584\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=569584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=569584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=569584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}