{"id":637857,"date":"2024-03-06T09:51:59","date_gmt":"2024-03-06T04:21:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=637857"},"modified":"2024-03-06T11:32:47","modified_gmt":"2024-03-06T06:02:47","slug":"crude-oil-steadies-on-opec-supply-restraint-underwhelming-china-reforms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-steadies-on-opec-supply-restraint-underwhelming-china-reforms\/","title":{"rendered":"Crude oil steadies on Opec+ supply restraint, underwhelming China reforms"},"content":{"rendered":"<p>Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over Chinese growth and uncertainty over the pace of interest rate cuts. <\/p>\n<p>China set an economic growth target for 2024 of around 5%, similar to last year&#8217;s goal and in line with analysts&#8217; expectations, but the lack of big ticket stimulus plans to prop up its struggling economy disappointed investors. <\/p>\n<p>Brent crude was up 15 cents, or 0.2%, to $82.95 a barrel by 0911 GMT, while U.S. West Texas Intermediate (WTI) fell 21 cents, or 0.3%, to $78.53. Brent has gained almost 8% this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over Chinese growth and uncertainty over the pace of interest rate cuts. China set an economic growth target for 2024 of around 5%, similar to last year&#8217;s goal and in line with analysts&#8217; expectations, but the lack of big ticket stimulus plans to prop up its struggling economy disappointed investors. Brent crude was up 15 cents, or 0.2%, to $82.95 a barrel by 0911 GMT, while U.S. West Texas Intermediate (WTI) fell 21 cents, or 0.3%, [&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-637857","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\/637857","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=637857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/637857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=637857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=637857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=637857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}