{"id":603880,"date":"2023-09-15T12:20:43","date_gmt":"2023-09-15T06:50:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=603880"},"modified":"2023-09-15T12:20:43","modified_gmt":"2023-09-15T06:50:43","slug":"oil-prices-rise-to-10-month-high-on-china-reserve-ratio-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-to-10-month-high-on-china-reserve-ratio-cut\/","title":{"rendered":"Oil prices rise to 10 month-high on China reserve ratio cut"},"content":{"rendered":"<p>Oil prices rose to their highest level in 10 months on Friday, after China cut banks&#8217; cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end.<\/p>\n<p>Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 0.6% at $90.74. Both the benchmarks were trading at their highest levels since November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose to their highest level in 10 months on Friday, after China cut banks&#8217; cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end. Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 0.6% at $90.74. Both the benchmarks were trading at their highest levels since November.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-603880","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/603880","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=603880"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/603880\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=603880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=603880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=603880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}