{"id":584602,"date":"2023-06-15T10:10:43","date_gmt":"2023-06-15T04:40:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584602"},"modified":"2023-06-15T12:13:36","modified_gmt":"2023-06-15T06:43:36","slug":"oil-prices-tick-up-as-markets-look-to-key-chinese-economic-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-tick-up-as-markets-look-to-key-chinese-economic-data\/","title":{"rendered":"Oil prices tick up as markets look to key Chinese economic data"},"content":{"rendered":"<p>Oil prices edged higher on Thursday, recovering some ground from the previous day&#8217;s plunge on worries about future U.S. interest rate hikes, with markets now looking to key Chinese economic data for demand indications.<\/p>\n<p>Brent crude futures climbed 21 cents, or 0.3%, to $73.41 a barrel by 0009 GMT. U.S. West Texas Intermediate (WTI) crude was at $68.50 a barrel, up 23 cents, or 0.4%.<\/p>\n<p>Both benchmarks fell 1.5% on Wednesday after the U.S. Federal Reserve projected more rate hikes this year, triggering fears a higher interest rate environment would slow the economy and lower oil demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Thursday, recovering some ground from the previous day&#8217;s plunge on worries about future U.S. interest rate hikes, with markets now looking to key Chinese economic data for demand indications. Brent crude futures climbed 21 cents, or 0.3%, to $73.41 a barrel by 0009 GMT. U.S. West Texas Intermediate (WTI) crude was at $68.50 a barrel, up 23 cents, or 0.4%. Both benchmarks fell 1.5% on Wednesday after the U.S. Federal Reserve projected more rate hikes this year, triggering fears a higher interest rate environment would slow the economy and lower oil demand.<\/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-584602","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\/584602","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=584602"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584602\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}