{"id":588034,"date":"2023-06-30T10:18:16","date_gmt":"2023-06-30T04:48:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=588034"},"modified":"2023-06-30T12:07:40","modified_gmt":"2023-06-30T06:37:40","slug":"oil-prices-ease-on-fears-of-more-interest-rate-hikes-denting-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-ease-on-fears-of-more-interest-rate-hikes-denting-fuel-demand\/","title":{"rendered":"Oil prices ease on fears of more interest rate hikes denting fuel demand"},"content":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices eased on Thursday, paring some of the previous day&#8217;s gains, as investors took profits on concerns that further interest rate hikes by central banks could dampen economic growth and global fuel demand.<\/p>\n<p>Brent crude futures fell 27 cents, or 0.4%, to $73.76 a barrel by 0052 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 21 cents, or 0.3%, to $69.35 a barrel.<\/p>\n<p>Both benchmarks climbed about 3% on Wednesday 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>TOKYO (Reuters) &#8211; Oil prices eased on Thursday, paring some of the previous day&#8217;s gains, as investors took profits on concerns that further interest rate hikes by central banks could dampen economic growth and global fuel demand. Brent crude futures fell 27 cents, or 0.4%, to $73.76 a barrel by 0052 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 21 cents, or 0.3%, to $69.35 a barrel. Both benchmarks climbed about 3% on Wednesday 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 [&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-588034","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\/588034","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=588034"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/588034\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=588034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=588034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=588034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}