{"id":352052,"date":"2020-05-19T11:30:57","date_gmt":"2020-05-19T06:00:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352052"},"modified":"2020-05-19T11:47:01","modified_gmt":"2020-05-19T06:17:01","slug":"oil-prices-hit-one-month-highs-on-output-cuts-demand-signs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-one-month-highs-on-output-cuts-demand-signs\/","title":{"rendered":"Oil prices hit one-month highs on output cuts, demand signs"},"content":{"rendered":"<p>Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery amid easing coronavirus curbs, with US oil showing no signs of last month\u2019s contract expiry price rout. <\/p>\n<p>Brent crude was up $1.06, or 3.3%, at $33.56 a barrel by 0452 GMT, after touching its highest since April 13. <\/p>\n<p>US West Texas Intermediate crude was up $1.29, or 4.4%, at $30.72 a barrel, after rising to its highest since March 16. <\/p>\n<p>\u201cOil prices may show further upside momentum as the easing in mobility restrictions grows,\u201d 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 gradual demand recovery amid easing coronavirus curbs, with US oil showing no signs of last month\u2019s contract expiry price rout. Brent crude was up $1.06, or 3.3%, at $33.56 a barrel by 0452 GMT, after touching its highest since April 13. US West Texas Intermediate crude was up $1.29, or 4.4%, at $30.72 a barrel, after rising to its highest since March 16. \u201cOil prices may show further upside momentum as the easing in mobility restrictions grows,\u201d said Stephen Innes, chief global [&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-352052","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352052","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=352052"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352052\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}