{"id":1866135,"date":"2023-03-03T07:25:00","date_gmt":"2023-03-03T12:25:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-prices-stable-heading-for-weekly-gain\/"},"modified":"2023-03-03T07:57:59","modified_gmt":"2023-03-03T12:57:59","slug":"oil-prices-stable-heading-for-weekly-gain","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oil-prices-stable-heading-for-weekly-gain\/","title":{"rendered":"Oil Prices Stable, Heading for Weekly Gain"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Foil-prices-stable-heading-for-weekly-gain%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1866135&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<p>LONDON&#8211;Oil prices remained steady Friday as renewed optimism about China&#8217;s demand recovery outweighed recession fears over U.S. rising crude inventories and tightening European monetary policy.<\/p>\n<p>Brent crude futures rose by 4 cents or 0.05 percent to $84.79 per barrel at 0936 GMT. U.S. West Texas Intermediate crude futures rose 2 cents or 0.03 percent to $78.18<\/p>\n<p>Brent rose by around 1.9 percent this week while WTI is on track for a gain if 2.4 percent.<\/p>\n<p>Stephen Brennock, a PVM analyst, stated that those who are betting on higher oil prices &#8220;are basking in the afterglow from the positive macro data coming out of China.&#8221;<\/p>\n<p>China&#8217;s services sector grew at its fastest pace in six month in February, as demand was revived by the lifting of COVID-19 strictures, according to a private sector survey.<\/p>\n<p>China&#8217;s manufacturing activity also increased last month at its fastest pace in over a decade, confirming expectations of a fuel demand rebound. China&#8217;s record-breaking seaborne imports this month of Russian oil will be set.<\/p>\n<p>The market generally ignored a 10th consecutive week in which crude stock build in the United States. However, record-setting U.S. crude exports kept the increase lower than in recent weeks.<\/p>\n<p>Prices were also buoyed by Russia&#8217;s March plan to increase oil export cuts.<\/p>\n<p>Reuters polled analysts to predict that the dollar will weaken over the next 12 months. This would make oil in dollar-denominated dollars more affordable for holders of other currencies.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p> From <a href=\"https:\/\/www.theepochtimes.com\/oil-prices-stable-heading-for-weekly-gain_5097270.html?utm_source=partner&#038;utm_campaign=conservnewsd\">Oil Prices Stable, Heading for Weekly Gain<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON&#8211;Oil prices remained steady Friday as renewed optimism about China&#8217;s demand recovery outweighed recession fears over U.S. rising crude inventories and tightening European monetary policy. Brent crude futures rose by 4 cents or 0.05 percent to $84.79 per barrel at 0936 GMT. U.S. West Texas Intermediate crude futures rose 2 cents or 0.03 percent to &hellip;<\/p>\n","protected":false},"author":66,"featured_media":1895119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[9423,3835,7393,4590,20248,7450],"class_list":["post-1866135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-gain","tag-heading","tag-oil","tag-prices","tag-stable","tag-weekly"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1866135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1866135"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1866135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1895119"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1866135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1866135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1866135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}