{"id":588001,"date":"2023-06-30T10:19:41","date_gmt":"2023-06-30T04:49:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=588001"},"modified":"2023-06-30T12:08:26","modified_gmt":"2023-06-30T06:38:26","slug":"oil-settles-higher-trade-choppy-as-tight-supply-vies-with-rate-hike-fear","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-settles-higher-trade-choppy-as-tight-supply-vies-with-rate-hike-fear\/","title":{"rendered":"Oil settles higher, trade choppy as tight supply vies with rate hike fear"},"content":{"rendered":"<p>HOUSTON (Reuters) -Oil prices settled higher on Thursday after flip flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth.<\/p>\n<p>Brent crude futures rose 31 cents, or 0.4%, to $74.34 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 30 cents, or 0.4%, to $69.86 a barrel.<\/p>\n<p>On Wednesday, both benchmarks gained about 3% after the U.S. Energy Information Administration (EIA) said crude inventories dropped by 9.6 million barrels in the week ended June 23, far exceeding the 1.8-million barrel draw analysts had forecast in a Reuters poll.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON (Reuters) -Oil prices settled higher on Thursday after flip flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth. Brent crude futures rose 31 cents, or 0.4%, to $74.34 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 30 cents, or 0.4%, to $69.86 a barrel. On Wednesday, both benchmarks gained about 3% after the U.S. Energy Information Administration (EIA) said crude inventories dropped by 9.6 million barrels in the week ended June 23, far exceeding the 1.8-million barrel draw [&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":[135,130,169],"tags":[],"class_list":["post-588001","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\/588001","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=588001"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/588001\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=588001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=588001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=588001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}