{"id":342432,"date":"2020-03-19T11:23:48","date_gmt":"2020-03-19T05:53:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342432"},"modified":"2020-03-19T11:23:48","modified_gmt":"2020-03-19T05:53:48","slug":"oil-rockets-nearly-20-as-investors-hail-coronavirus-stimulus-spending-for-now","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rockets-nearly-20-as-investors-hail-coronavirus-stimulus-spending-for-now\/","title":{"rendered":"Oil rockets nearly 20% as investors hail coronavirus stimulus spending &#8211; for now"},"content":{"rendered":"<p>TOKYO: Oil prices surged as much as nearly 20 per cent on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global coronavirus recession.<\/p>\n<p>Brent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentless selling. US oil gained $3.44, or 17 per cent, to $23.81 a barrel after slumping nearly 25 per cent in the previous session.<\/p>\n<p>&#8220;After a 24 per cent crash, oil prices are firming up on some selling exhaustion and as US and European leaders unleash &#8230; aid and stimulus,&#8221; said Edward Moya, senior market analyst at OANDA in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO: Oil prices surged as much as nearly 20 per cent on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global coronavirus recession. Brent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentless selling. US oil gained $3.44, or 17 per cent, to $23.81 a barrel after slumping nearly 25 per cent in the previous session. &#8220;After a [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-342432","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342432","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342432"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342432\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}