{"id":349018,"date":"2020-05-01T10:40:18","date_gmt":"2020-05-01T05:10:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349018"},"modified":"2020-05-01T11:26:15","modified_gmt":"2020-05-01T05:56:15","slug":"oil-prices-rise-amid-early-signs-of-fuel-demand-picking-up","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-amid-early-signs-of-fuel-demand-picking-up\/","title":{"rendered":"Oil prices rise amid early signs of fuel demand picking up"},"content":{"rendered":"<p>MELBOURNE\/SINGAPORE  Oil prices jumped on Thursday, buoyed by signs that the US crude glut is not growing as quickly as expected and that fuel demand battered by Covid-19 restrictions is starting to pick up.<\/p>\n<p>West Texas Intermediate (WTI) crude futures climbed to a high of $17.75 a barrel and were up 9.2 per cent, or $1.39, at $16.45 at 0640 GMT. The US benchmark surged 22 per cent on Wednesday.<\/p>\n<p>Brent was up 5.6 per cent, or $1.27 at $23.81 a barrel in light trading, with the June contract expiring on Thursday. The contract hit a high of $25 earlier in the session, having posted a 10 per cent gain on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE\/SINGAPORE Oil prices jumped on Thursday, buoyed by signs that the US crude glut is not growing as quickly as expected and that fuel demand battered by Covid-19 restrictions is starting to pick up. West Texas Intermediate (WTI) crude futures climbed to a high of $17.75 a barrel and were up 9.2 per cent, or $1.39, at $16.45 at 0640 GMT. The US benchmark surged 22 per cent on Wednesday. Brent was up 5.6 per cent, or $1.27 at $23.81 a barrel in light trading, with the June contract expiring on Thursday. The contract hit a high of $25 earlier [&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-349018","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349018","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=349018"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349018\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}