{"id":81384,"date":"2023-03-13T12:07:42","date_gmt":"2023-03-13T08:07:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=81384"},"modified":"2023-03-13T12:07:44","modified_gmt":"2023-03-13T08:07:44","slug":"oil-prices-are-rising-supported-by-the-recovery-of-chinese-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-are-rising-supported-by-the-recovery-of-chinese-demand\/03\/13\/market-updates\/","title":{"rendered":"Oil prices are rising, supported by the recovery of Chinese demand"},"content":{"rendered":"\n<p>Oil prices rose on Monday after a weak start as recovering Chinese demand and a weaker dollar supported a market wary of further hikes in US interest rates.<\/p>\n\n\n\n<p>By 0410 GMT, Brent crude futures rose 19 cents to $82.97 a barrel. West Texas Intermediate crude futures rose 20 cents, or 0.26 percent, to $76.88 a barrel.<\/p>\n\n\n\n<p>Market sentiment is fragile as fears of the US Federal Reserve&#8217;s move to further monetary tightening have increased due to rising crude oil inventories in the United States, analysts at (YNZ Bank) said in a note on Monday morning.<\/p>\n\n\n\n<p>A weaker dollar makes oil cheaper for holders of other currencies, which supports oil prices.<\/p>\n\n\n\n<p>Prices were also supported by comments made by Amin Nasser, CEO of Saudi Aramco, on Sunday regarding Chinese demand for crude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday after a weak start as recovering Chinese demand and a weaker dollar supported a market wary of further hikes in US interest rates. By 0410 GMT, Brent crude futures rose 19 cents to $82.97 a barrel. West Texas Intermediate crude futures rose 20 cents, or 0.26 percent, to $76.88 a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":81247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[8159,9007],"class_list":["post-81384","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-russian-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=81384"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81384\/revisions"}],"predecessor-version":[{"id":81385,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/81384\/revisions\/81385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81247"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=81384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=81384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=81384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}