{"id":598842,"date":"2023-08-22T09:39:08","date_gmt":"2023-08-22T04:09:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598842"},"modified":"2023-08-22T10:13:52","modified_gmt":"2023-08-22T04:43:52","slug":"oil-prices-rise-for-third-day-as-tighter-market-offsets-demand-risks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-for-third-day-as-tighter-market-offsets-demand-risks\/","title":{"rendered":"Oil prices rise for third day as tighter market offsets demand risks"},"content":{"rendered":"<p>Oil rose for a third day on signs the physical market is tightening offset growing demand risks in China and the US.<\/p>\n<p>Global benchmark Brent traded above $85 a barrel and is up more than 2 per cent since last Wednesday\u2019s close. The most immediate parts of the oil futures curve are pointing to tight supplies as curbs from OPEC+ linchpins Russia and Saudi Arabia help propel crude prices higher. <\/p>\n<p>There was also some support from wider markets, with European equities trading higher and US futures also pointing to a firmer open on Monday.  Economic malaise in China \u2014 ranging from downbeat consumers to struggling exports \u2014 and stubbornly persistent inflation risks in the US saw oil fall last week, bucking a recent strong run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose for a third day on signs the physical market is tightening offset growing demand risks in China and the US. Global benchmark Brent traded above $85 a barrel and is up more than 2 per cent since last Wednesday\u2019s close. The most immediate parts of the oil futures curve are pointing to tight supplies as curbs from OPEC+ linchpins Russia and Saudi Arabia help propel crude prices higher. There was also some support from wider markets, with European equities trading higher and US futures also pointing to a firmer open on Monday. Economic malaise in China \u2014 ranging [&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-598842","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\/598842","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=598842"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598842\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}