{"id":597729,"date":"2023-08-16T09:57:48","date_gmt":"2023-08-16T04:27:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=597729"},"modified":"2023-08-16T10:55:37","modified_gmt":"2023-08-16T05:25:37","slug":"oil-stabilises-as-china-economic-worries-counter-opec-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-stabilises-as-china-economic-worries-counter-opec-supply-cuts\/","title":{"rendered":"Oil stabilises as China economic worries counter OPEC+ supply cuts"},"content":{"rendered":"<p>Oil prices stabilised on Monday as investors weighed concerns about China&#8217;s faltering economic recovery and a stronger dollar against seven weeks of gains on tightening supply from OPEC+ output cuts. <\/p>\n<p>Brent crude futures slipped 35 cents to $86.46 a barrel by 1027 GMT while U.S. West Texas Intermediate crude edged lower by 38 cents to $82.81 a barrel. <\/p>\n<p>&#8220;Crude has been in overbought territory for some time now, defying expectations of a correction. It has been singularly focused on U.S. economic optimism, to the exclusion of the increasingly stronger headwinds blowing in the eurozone and China,&#8221; said Vandana Hari, founder of oil market analysis provider Vanda Insights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices stabilised on Monday as investors weighed concerns about China&#8217;s faltering economic recovery and a stronger dollar against seven weeks of gains on tightening supply from OPEC+ output cuts. Brent crude futures slipped 35 cents to $86.46 a barrel by 1027 GMT while U.S. West Texas Intermediate crude edged lower by 38 cents to $82.81 a barrel. &#8220;Crude has been in overbought territory for some time now, defying expectations of a correction. It has been singularly focused on U.S. economic optimism, to the exclusion of the increasingly stronger headwinds blowing in the eurozone and China,&#8221; said Vandana Hari, founder [&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-597729","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\/597729","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=597729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=597729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=597729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=597729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}