{"id":352030,"date":"2020-05-19T11:00:51","date_gmt":"2020-05-19T05:30:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352030"},"modified":"2020-05-19T11:09:08","modified_gmt":"2020-05-19T05:39:08","slug":"oil-prices-rise-more-than-1-ahead-of-june-wti-contract-expiry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-more-than-1-ahead-of-june-wti-contract-expiry\/","title":{"rendered":"Oil prices rise more than $1 ahead of June WTI contract expiry"},"content":{"rendered":"<p>Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing coronavirus curbs, with U.S. oil showing no signs of last month&#8217;s contract expiry price rout. <\/p>\n<p>Brent crude was up $1.33, or 4.1%, at $33.83 a barrel by 0634 GMT, after touching its highest since April 13. U.S. West Texas Intermediate crude was up $1.65, or 5.6%, at $31.08 a barrel, after rising to its highest since March 16. The more active July contract was at $31.05, up $1.53. <\/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>Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing coronavirus curbs, with U.S. oil showing no signs of last month&#8217;s contract expiry price rout. Brent crude was up $1.33, or 4.1%, at $33.83 a barrel by 0634 GMT, after touching its highest since April 13. U.S. West Texas Intermediate crude was up $1.65, or 5.6%, at $31.08 a barrel, after rising to its highest since March 16. The more active July contract was at $31.05, up $1.53. &#8220;Oil prices may show further upside momentum [&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":[146,130,177],"tags":[],"class_list":["post-352030","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352030","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=352030"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352030\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}