{"id":583887,"date":"2023-06-12T11:31:35","date_gmt":"2023-06-12T06:01:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583887"},"modified":"2023-06-12T13:23:39","modified_gmt":"2023-06-12T07:53:39","slug":"oil-edges-lower-ahead-of-fed-meeting","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-lower-ahead-of-fed-meeting\/","title":{"rendered":"Oil edges lower ahead of Fed meeting"},"content":{"rendered":"<p>Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank&#8217;s appetite for further rate hikes, while concerns about China&#8217;s fuel demand growth and rising Russian crude supply weighed on the market.<\/p>\n<p>Brent crude futures fell 29 cents, or 0.4%, to $74.50 a barrel by 0058 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.93 a barrel, down 24 cents, or 0.3%.<\/p>\n<p>Both benchmarks notched their second straight weekly decline last week as disappointing China economic data raised concerns about demand growth in the world&#8217;s largest crude importer, offsetting a boost in prices from Saudi Arabia cutting an extra 1 million barrels per day (bpd) from production in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank&#8217;s appetite for further rate hikes, while concerns about China&#8217;s fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell 29 cents, or 0.4%, to $74.50 a barrel by 0058 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.93 a barrel, down 24 cents, or 0.3%. Both benchmarks notched their second straight weekly decline last week as disappointing China economic data raised concerns about demand growth in the world&#8217;s largest crude importer, offsetting a [&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":[130,191,136],"tags":[],"class_list":["post-583887","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583887","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=583887"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583887\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}