{"id":351829,"date":"2020-05-18T11:17:05","date_gmt":"2020-05-18T05:47:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351829"},"modified":"2020-05-18T11:17:05","modified_gmt":"2020-05-18T05:47:05","slug":"crude-oil-prices-jump-more-than-1-ahead-of-wti-june-contract-expiry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-jump-more-than-1-ahead-of-wti-june-contract-expiry\/","title":{"rendered":"Crude oil prices jump more than $1 ahead of WTI June contract expiry"},"content":{"rendered":"<p>SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading.<\/p>\n<p>Brent crude was up $1.19, or 3.7%, at $33.69 a barrel by 0240 GMT, after touching a high since April 13. U.S. West Texas Intermediate crude was up $1.26, or 4.3%, at $30.69 a barrel, after rising to its highest since March 16.<\/p>\n<p>&#8220;Oil prices may show further upside momentum as the easing in mobility restrictions grows,&#8221; said Stephen Innes, chief global market strategist at AxiCorp in a note, referring to curbs that were designed to counter the coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $1.19, or 3.7%, at $33.69 a barrel by 0240 GMT, after touching a high since April 13. U.S. West Texas Intermediate crude was up $1.26, or 4.3%, at $30.69 a barrel, after rising to its highest since March 16. &#8220;Oil prices may show further upside momentum as the easing in mobility [&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-351829","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\/351829","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=351829"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351829\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}