{"id":81863,"date":"2023-01-28T12:12:54","date_gmt":"2023-01-28T12:12:54","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3"},"modified":"2023-01-28T12:44:55","modified_gmt":"2023-01-28T12:44:55","slug":"oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3","title":{"rendered":"Oil up as strong US economic data lifts up market sentiment"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Oil prices increased on Friday over demand optimism after better-than-expected economic data in the US and hopes that the Chinese economy will recover from the wounds of COVID-19 pandemic.<\/p>\n

International benchmark Brent crude traded at $87.82 per barrel at 0656GMT, a 0.40% increase from the closing price of $87.47 a barrel in the previous trading session.<\/p>\n

The American benchmark West Texas Intermediate (WTI) traded at $81.34 per barrel at the same time, a 0.40% gain after the previous session closed at $81.01 a barrel.<\/p>\n

The US economy expanded 2.9% in the fourth quarter of 2022, coming higher than the market estimate of 2.6%, according to the Commerce Department’s first reading released on Thursday.<\/p>\n

The stronger-than-expected figure calmed fears that the Federal Reserve’s rate hikes could cause a recession in the US economy this year.<\/p>\n

The price upticks were limited by the country’s rising crude oil inventories, which indicate falling demand.<\/p>\n

US commercial crude oil inventories increased by 0.1% during the week ending Jan. 20, according to data released by the Energy Information Administration (EIA) late Wednesday.<\/p>\n

Inventories rose by around 500,000 barrels to 448.5 million barrels against the market expectation of an increase of around 3.4 million barrels.<\/p>\n

The Chinese economy had one of its worst performances in decades last year as growth was dragged down by numerous COVID-19 lockdowns followed by a deadly outbreak in December that swept across the country with remarkable speed.<\/p>\n

China grew 3% for the year, as numbers released Tuesday showed, much less than in 2021 and short of Beijing’s target of 5.5%.<\/p>\n

However, hopes for stronger demand in China rose after the country decided to lift all pandemic restrictions.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Oil prices increased on Friday over demand optimism after better-than-expected economic data in the US and hopes that the Chinese economy will recover from the wounds of COVID-19 pandemic. International benchmark Brent crude traded at $87.82 per barrel at 0656GMT, a 0.40% increase from the closing price of $87.47 a barrel in […]<\/p>\n","protected":false},"author":84,"featured_media":81862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-81863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nOil up as strong US economic data lifts up market sentiment - kenya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil up as strong US economic data lifts up market sentiment\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Kenya. Oil prices increased on Friday over demand optimism after better-than-expected economic data in the US and hopes that the Chinese economy will recover from the wounds of COVID-19 pandemic. International benchmark Brent crude traded at $87.82 per barrel at 0656GMT, a 0.40% increase from the closing price of $87.47 a barrel in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-28T12:12:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-28T12:44:55+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil up as strong US economic data lifts up market sentiment\",\"datePublished\":\"2023-01-28T12:12:54+00:00\",\"dateModified\":\"2023-01-28T12:44:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\",\"name\":\"Oil up as strong US economic data lifts up market sentiment - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg\",\"datePublished\":\"2023-01-28T12:12:54+00:00\",\"dateModified\":\"2023-01-28T12:44:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg\",\"width\":864,\"height\":486,\"caption\":\"Oil up as strong US economic data lifts up market sentiment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil up as strong US economic data lifts up market sentiment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil up as strong US economic data lifts up market sentiment - kenya","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3","og_locale":"en_US","og_type":"article","og_title":"Oil up as strong US economic data lifts up market sentiment","og_description":"Africa-Press – Kenya. Oil prices increased on Friday over demand optimism after better-than-expected economic data in the US and hopes that the Chinese economy will recover from the wounds of COVID-19 pandemic. International benchmark Brent crude traded at $87.82 per barrel at 0656GMT, a 0.40% increase from the closing price of $87.47 a barrel in […]","og_url":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-01-28T12:12:54+00:00","article_modified_time":"2023-01-28T12:44:55+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Oil up as strong US economic data lifts up market sentiment","datePublished":"2023-01-28T12:12:54+00:00","dateModified":"2023-01-28T12:44:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3"},"wordCount":285,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg","keywords":["Africa Press","Africa Press-Kenya","Kenya"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3","url":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3","name":"Oil up as strong US economic data lifts up market sentiment - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg","datePublished":"2023-01-28T12:12:54+00:00","dateModified":"2023-01-28T12:44:55+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1674897192.83.jpg","width":864,"height":486,"caption":"Oil up as strong US economic data lifts up market sentiment"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/oil-up-as-strong-us-economic-data-lifts-up-market-sentiment-3#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Oil up as strong US economic data lifts up market sentiment"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/81863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=81863"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/81863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/81862"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=81863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=81863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=81863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}