{"id":583270,"date":"2023-06-08T11:41:06","date_gmt":"2023-06-08T06:11:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583270"},"modified":"2023-06-08T13:40:14","modified_gmt":"2023-06-08T08:10:14","slug":"oil-steady-as-investors-weigh-supply-and-demand-drivers-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-as-investors-weigh-supply-and-demand-drivers-2\/","title":{"rendered":"Oil steady as investors weigh supply and demand drivers"},"content":{"rendered":"<p>Oil prices were little changed in early Asia trade on Thursday as investors weighed demand concerns over a global economic slowdown against an expected fall in supply from Saudi output cuts.<\/p>\n<p>Brent crude futures dipped 1 cent at $76.94 a barrel at 0110 GMT, while the US West Texas Intermediate crude futures rose 5 cents at $72.58 a barrel.<\/p>\n<p>Both benchmarks settled up by about 1% on Wednesday, supported by Saudi Arabia&#8217;s plans for deep output cuts, though price gains remain capped by rising US fuel stocks and weak Chinese export data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed in early Asia trade on Thursday as investors weighed demand concerns over a global economic slowdown against an expected fall in supply from Saudi output cuts. Brent crude futures dipped 1 cent at $76.94 a barrel at 0110 GMT, while the US West Texas Intermediate crude futures rose 5 cents at $72.58 a barrel. Both benchmarks settled up by about 1% on Wednesday, supported by Saudi Arabia&#8217;s plans for deep output cuts, though price gains remain capped by rising US fuel stocks and weak Chinese export data.<\/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-583270","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\/583270","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=583270"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583270\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}