{"id":345544,"date":"2020-04-06T11:02:11","date_gmt":"2020-04-06T05:32:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345544"},"modified":"2020-04-06T11:34:38","modified_gmt":"2020-04-06T06:04:38","slug":"crude-oil-is-well-and-truly-on-recovery-path","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-is-well-and-truly-on-recovery-path\/","title":{"rendered":"Crude oil is well and truly on recovery path"},"content":{"rendered":"<p>Is the oil tide turning? Political developments of the last couple of days suggest crude oil market may have already bottomed out and is well on its way out of the doldrums. To be sure, after languishing at multi-year low of $25 a barrel on March 27, Brent crude moved up to $35 a barrel last Friday, a gain of 40 per cent in a week.<\/p>\n<p>The sentiment appears to be changing from one of despair to hope. While it is nobody\u2019s case that crude oil will regain all the enormous loss Covid-19 inflicted and go back to its pre-crisis levels (above $60 a barrel), there is strong indication that prices are slowly but inexorably on the recovery path.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the oil tide turning? Political developments of the last couple of days suggest crude oil market may have already bottomed out and is well on its way out of the doldrums. To be sure, after languishing at multi-year low of $25 a barrel on March 27, Brent crude moved up to $35 a barrel last Friday, a gain of 40 per cent in a week. The sentiment appears to be changing from one of despair to hope. While it is nobody\u2019s case that crude oil will regain all the enormous loss Covid-19 inflicted and go back to its pre-crisis [&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":[130],"tags":[],"class_list":["post-345544","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345544","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=345544"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345544\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}