{"id":598358,"date":"2023-08-18T12:19:12","date_gmt":"2023-08-18T06:49:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598358"},"modified":"2023-08-18T13:44:04","modified_gmt":"2023-08-18T08:14:04","slug":"oil-rises-on-strong-travel-demand-chinas-move-to-soothe-economic-woes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-strong-travel-demand-chinas-move-to-soothe-economic-woes\/","title":{"rendered":"Oil rises on strong travel demand, China&#8217;s move to soothe economic woes"},"content":{"rendered":"<p>Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks declined on strong travel demand and as China&#8217;s central bank sought to bolster the property market and wider economy. <\/p>\n<p>Brent crude futures rose $1.24, or 1.5% to $84.70 a barrel by 11:18 a.m. ET (1518 GMT). U.S. West Texas Intermediate crude (WTI) was up $1.48, or 1.8% at $80.86 a barrel. <\/p>\n<p>The previous session, prices fell more than 1.5% on worries about China&#8217;s embattled economy and potential for further increases to U.S. interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks declined on strong travel demand and as China&#8217;s central bank sought to bolster the property market and wider economy. Brent crude futures rose $1.24, or 1.5% to $84.70 a barrel by 11:18 a.m. ET (1518 GMT). U.S. West Texas Intermediate crude (WTI) was up $1.48, or 1.8% at $80.86 a barrel. The previous session, prices fell more than 1.5% on worries about China&#8217;s embattled economy and potential for further increases to U.S. interest rates.<\/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-598358","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\/598358","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=598358"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598358\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}