{"id":584683,"date":"2023-06-15T11:22:15","date_gmt":"2023-06-15T05:52:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=584683"},"modified":"2023-06-15T13:31:21","modified_gmt":"2023-06-15T08:01:21","slug":"oil-price-rises-as-market-awaits-federal-reserves-interest-rate-decision","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-rises-as-market-awaits-federal-reserves-interest-rate-decision\/","title":{"rendered":"Oil price rises as market awaits Federal Reserve&#8217;s interest rate decision"},"content":{"rendered":"<p>LONDON(Reuters) -Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve&#8217;s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC.<\/p>\n<p>Brent crude futures were up 66 cents, or 0.9%, at $74.95 a barrel by 1226 GMT. U.S. West Texas Intermediate (WTI) crude was up 56 cents, or 0.8%, at $69.98.<\/p>\n<p>Both benchmarks climbed more than 3% the previous day on hopes of rising fuel demand after China&#8217;s central bank lowered a short-term lending rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON(Reuters) -Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve&#8217;s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 66 cents, or 0.9%, at $74.95 a barrel by 1226 GMT. U.S. West Texas Intermediate (WTI) crude was up 56 cents, or 0.8%, at $69.98. Both benchmarks climbed more than 3% the previous day on hopes of rising fuel demand after China&#8217;s central bank lowered a short-term lending rate.<\/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":[135,130,169],"tags":[],"class_list":["post-584683","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584683","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=584683"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/584683\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=584683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=584683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=584683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}