{"id":6930,"date":"2023-10-30T04:22:30","date_gmt":"2023-10-30T04:22:30","guid":{"rendered":"https:\/\/infundpros.com\/markets\/commodities\/oil-dips-as-caution-about-data-heavy-week-offsets-mid-east-war-boost\/"},"modified":"2023-10-30T04:22:31","modified_gmt":"2023-10-30T04:22:31","slug":"oil-dips-as-caution-about-data-heavy-week-offsets-mid-east-war-boost","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=6930","title":{"rendered":"Oil dips as caution about data-heavy week offsets Mid-East war boost"},"content":{"rendered":"
\n

By Florence Tan<\/p>\n

SINGAPORE (Reuters) – Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China’s manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East.<\/p>\n

futures dropped 98 cents, or 1.1%, to $89.50 a barrel by 0001 GMT while U.S. West Texas Intermediate crude was at $84.54 a barrel, down $1, or 1.2%.<\/p>\n

Investors are eyeing the outcome of the Federal Reserve monetary policy meeting on Wednesday, U.S. employment data and earnings from tech giant Apple Inc (NASDAQ:) for signs of any economic slowdown that could impact fuel demand at the world’s top oil consumer, CMC Markets (LON:) analyst Tina Teng said.<\/p>\n

Both Brent and WTI ended 3% higher on Friday after Israel stepped up its ground incursions into Gaza, stoking worries that the conflict could widen in the region that accounts for a third of global oil production.<\/p>\n

“Despite an escalation in the Hamas-Israel war, the ground invasion was widely expected,” Teng said.<\/p>\n

“The weekend playout signals no further expansion into a wider regional war, which caused a retreat in oil prices.”<\/p>\n

Last week, Brent and WTI marked their first weekly fall in three weeks as developments in the Middle East keep investors on edge and prices volatile.<\/p>\n

China will report its October manufacturing and services PMIs this week, with investors watching out for further signs of a stabilising economy and improving fuel demand at the world’s top crude importer and No. 2 oil consumer after Beijing launched a burst of supportive policy measures. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Florence Tan SINGAPORE (Reuters) – Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed…<\/p>\n","protected":false},"author":1,"featured_media":6931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-6930","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"yoast_head":"\nOil dips as caution about data-heavy week offsets Mid-East war boost | inFundPros<\/title>\n<meta name=\"description\" content=\"By Florence Tan SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=6930\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil dips as caution about data-heavy week offsets Mid-East war boost | inFundPros\" \/>\n<meta property=\"og:description\" content=\"By Florence Tan SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=6930\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T04:22:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-30T04:22:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/CrudeOil_800x533_L_1629566077.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\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:\/\/infundpros.com\/?p=6930#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=6930\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Oil dips as caution about data-heavy week offsets Mid-East war boost\",\"datePublished\":\"2023-10-30T04:22:30+00:00\",\"dateModified\":\"2023-10-30T04:22:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=6930\"},\"wordCount\":271,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=6930#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=6930\",\"url\":\"https:\/\/infundpros.com\/?p=6930\",\"name\":\"Oil dips as caution about data-heavy week offsets Mid-East war boost | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-10-30T04:22:30+00:00\",\"dateModified\":\"2023-10-30T04:22:31+00:00\",\"description\":\"By Florence Tan SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=6930#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=6930\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=6930#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil dips as caution about data-heavy week offsets Mid-East war boost\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil dips as caution about data-heavy week offsets Mid-East war boost | inFundPros","description":"By Florence Tan SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's","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:\/\/infundpros.com\/?p=6930","og_locale":"en_US","og_type":"article","og_title":"Oil dips as caution about data-heavy week offsets Mid-East war boost | inFundPros","og_description":"By Florence Tan SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's","og_url":"https:\/\/infundpros.com\/?p=6930","og_site_name":"inFundPros","article_published_time":"2023-10-30T04:22:30+00:00","article_modified_time":"2023-10-30T04:22:31+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/CrudeOil_800x533_L_1629566077.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=6930#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=6930"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Oil dips as caution about data-heavy week offsets Mid-East war boost","datePublished":"2023-10-30T04:22:30+00:00","dateModified":"2023-10-30T04:22:31+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=6930"},"wordCount":271,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=6930#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=6930","url":"https:\/\/infundpros.com\/?p=6930","name":"Oil dips as caution about data-heavy week offsets Mid-East war boost | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-10-30T04:22:30+00:00","dateModified":"2023-10-30T04:22:31+00:00","description":"By Florence Tan SINGAPORE (Reuters) - Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=6930#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=6930"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=6930#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Oil dips as caution about data-heavy week offsets Mid-East war boost"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/6930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6930"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/6930\/revisions"}],"predecessor-version":[{"id":6932,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/6930\/revisions\/6932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/6931"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}