{"id":598469,"date":"2023-08-19T10:08:42","date_gmt":"2023-08-19T04:38:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598469"},"modified":"2023-08-19T11:29:29","modified_gmt":"2023-08-19T05:59:29","slug":"oil-edges-up-as-china-seeks-to-calm-economic-fears-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-up-as-china-seeks-to-calm-economic-fears-2\/","title":{"rendered":"Oil edges up as China seeks to calm economic fears"},"content":{"rendered":"<p>LONDON: Oil prices crept up on Thursday after China&#8217;s central bank sought to stem the rising tide of pessimism over the country&#8217;s property market and wider economy. <\/p>\n<p>Prices had fallen for the previous session on simmering worries over the impact on fuel demand from a deepening property crisis that is stifling momentum in China&#8217;s economy and the potential for further increases to US interest rates. <\/p>\n<p>Brent crude futures rose 67 cents to $84.12 a barrel by 1058 GMT and US West Texas Intermediate crude (WTI) was up 63 cents at $80.01. <\/p>\n<p>&#8220;Oil traders like the fact that China isn&#8217;t going to tolerate weakness in economic activity,&#8221; said Naeem Aslam at Zaye Capital Markets after China&#8217;s central bank said that it will adjust and optimise property policies in a timely manner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices crept up on Thursday after China&#8217;s central bank sought to stem the rising tide of pessimism over the country&#8217;s property market and wider economy. Prices had fallen for the previous session on simmering worries over the impact on fuel demand from a deepening property crisis that is stifling momentum in China&#8217;s economy and the potential for further increases to US interest rates. Brent crude futures rose 67 cents to $84.12 a barrel by 1058 GMT and US West Texas Intermediate crude (WTI) was up 63 cents at $80.01. &#8220;Oil traders like the fact that China isn&#8217;t going [&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":[130,219,137],"tags":[],"class_list":["post-598469","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598469","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=598469"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598469\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}