{"id":576283,"date":"2023-05-12T10:11:39","date_gmt":"2023-05-12T04:41:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576283"},"modified":"2023-05-12T10:58:48","modified_gmt":"2023-05-12T05:28:48","slug":"oil-prices-rise-on-strong-fuel-demand-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-strong-fuel-demand-data\/","title":{"rendered":"Oil prices rise on strong fuel demand data"},"content":{"rendered":"<p>Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the US outweighed concerns about the possibility of the world&#8217;s biggest oil producer and consumer defaulting on its debt.<\/p>\n<p>Brent crude futures rose by 26 cents, or 0.34 per cent, to $76.67 a barrel by 0015 GMT. US crude futures rose 28 cents to $72.84.<\/p>\n<p>Latest US data showed consumer prices rose in April, increasing the likelihood that the Federal Reserve will maintain higher interest rates which can have the knock-on effect of reducing oil demand. Rising global interest rates have weighed on oil prices in recent months, with traders concerned about recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the US outweighed concerns about the possibility of the world&#8217;s biggest oil producer and consumer defaulting on its debt. Brent crude futures rose by 26 cents, or 0.34 per cent, to $76.67 a barrel by 0015 GMT. US crude futures rose 28 cents to $72.84. Latest US data showed consumer prices rose in April, increasing the likelihood that the Federal Reserve will maintain higher interest rates which can have the knock-on effect of reducing oil demand. Rising global interest rates have weighed on oil prices [&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-576283","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\/576283","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=576283"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576283\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}