{"id":295484,"date":"2019-10-09T12:01:49","date_gmt":"2019-10-09T06:31:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295484"},"modified":"2019-10-09T12:01:49","modified_gmt":"2019-10-09T06:31:49","slug":"oil-rises-buoyed-by-gains-in-industrial-commodities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-buoyed-by-gains-in-industrial-commodities\/","title":{"rendered":"Oil rises, buoyed by gains in industrial commodities"},"content":{"rendered":"<p>Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.<\/p>\n<p>Brent crude rose 39 cents, or 0.7%, to $58.74 a barrel by 0102 GMT, while U.S. West Texas Intermediate (WTI) crude was at $53.10, up 35 cents, or 0.7%.<\/p>\n<p>\u201cCopper and aluminium traded very strongly in London and given the weakness we saw in manufacturing data last week, that suggests that there\u2019s some correction going on in industrial commodities generally,\u201d said Michael McCarthy, chief market strategist at brokerage CMC Markets in Sydney.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support. Brent crude rose 39 cents, or 0.7%, to $58.74 a barrel by 0102 GMT, while U.S. West Texas Intermediate (WTI) crude was at $53.10, up 35 cents, or 0.7%. \u201cCopper and aluminium traded very strongly in London and given the weakness we saw in manufacturing data last week, that suggests that there\u2019s some correction going on in industrial commodities generally,\u201d said Michael McCarthy, chief market strategist at brokerage CMC Markets in Sydney.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-295484","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295484","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=295484"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295484\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}