{"id":342459,"date":"2020-03-19T10:47:51","date_gmt":"2020-03-19T05:17:51","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342459"},"modified":"2020-03-19T11:37:01","modified_gmt":"2020-03-19T06:07:01","slug":"oil-prices-surge-nearly-20-as-investors-hail-coronavirus-stimulus-spending","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-surge-nearly-20-as-investors-hail-coronavirus-stimulus-spending\/","title":{"rendered":"Oil prices surge nearly 20% as investors hail coronavirus stimulus spending"},"content":{"rendered":"<p>Oil prices surged as much as nearly 20% 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%, at $26.98 a barrel by 0028 GMT after tumbling 13% on Wednesday in a third day of relentless selling. US oil gained $3.44, or 17%, to $23.81 a barrel after slumping nearly 25% in the previous session. <\/p>\n<p>&#8220;After a 24% 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>Oil prices surged as much as nearly 20% 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%, at $26.98 a barrel by 0028 GMT after tumbling 13% on Wednesday in a third day of relentless selling. US oil gained $3.44, or 17%, to $23.81 a barrel after slumping nearly 25% in the previous session. &#8220;After a 24% crash, oil prices are firming up on some selling exhaustion [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-342459","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342459","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342459"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342459\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}