{"id":584134,"date":"2023-06-13T10:32:14","date_gmt":"2023-06-13T05:02:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584134"},"modified":"2023-06-13T12:41:26","modified_gmt":"2023-06-13T07:11:26","slug":"oil-prices-inch-higher-on-bargain-hunting-ahead-of-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-inch-higher-on-bargain-hunting-ahead-of-fed-rate-decision\/","title":{"rendered":"Oil prices inch higher on bargain hunting ahead of Fed rate decision"},"content":{"rendered":"<p>Oil prices inched higher on Tuesday on bargain hunting, recovering some ground from the previous day&#8217;s plunge, but gains were limited as investors remained cautious ahead of key policy decisions by the U.S. Federal Reserve and other central banks.<\/p>\n<p>Brent crude futures climbed 16 cents, or 0.2%, to $72.00 a barrel by 0048 GMT. U.S. West Texas Intermediate (WTI) crude was at $67.19 a barrel, up 7 cents, or 0.1%.<\/p>\n<p>Both benchmarks fell around $3 a barrel on Monday after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a two-day Fed monetary policy meeting concluding on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices inched higher on Tuesday on bargain hunting, recovering some ground from the previous day&#8217;s plunge, but gains were limited as investors remained cautious ahead of key policy decisions by the U.S. Federal Reserve and other central banks. Brent crude futures climbed 16 cents, or 0.2%, to $72.00 a barrel by 0048 GMT. U.S. West Texas Intermediate (WTI) crude was at $67.19 a barrel, up 7 cents, or 0.1%. Both benchmarks fell around $3 a barrel on Monday after analysts highlighted rising global supplies and concerns about demand growth just ahead of key inflation data and a two-day Fed [&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-584134","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\/584134","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=584134"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584134\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}