{"id":581749,"date":"2023-06-03T11:15:41","date_gmt":"2023-06-03T05:45:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581749"},"modified":"2023-06-03T13:08:32","modified_gmt":"2023-06-03T07:38:32","slug":"oil-prices-rise-as-congress-approves-us-debt-ceiling-bill","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-as-congress-approves-us-debt-ceiling-bill\/","title":{"rendered":"Oil prices rise as Congress approves US debt ceiling bill"},"content":{"rendered":"<p>Oil prices rose on Friday amid bullish sentiment following the passage of a US debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend.<\/p>\n<p>Brent crude futures rose 34 cents, or 0.46 per cent to $74.62 a barrel by 0302 GMT, while US West Texas Intermediate crude (WTI) rose 30 cents, or 0.43 per cent, to $70.40, following two consecutive days of losses.<\/p>\n<p>Markets were reassured by Congress&#8217; passage of a bill suspending the US government&#8217;s $31.4 billion debt ceiling, as well as by earlier signals of a potential pause in rate hikes by the Federal Reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday amid bullish sentiment following the passage of a US debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend. Brent crude futures rose 34 cents, or 0.46 per cent to $74.62 a barrel by 0302 GMT, while US West Texas Intermediate crude (WTI) rose 30 cents, or 0.43 per cent, to $70.40, following two consecutive days of losses. Markets were reassured by Congress&#8217; passage of a bill suspending the US government&#8217;s $31.4 billion debt ceiling, as well as by earlier signals of a potential pause in rate [&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-581749","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\/581749","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=581749"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581749\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}