{"id":356639,"date":"2020-06-10T12:30:09","date_gmt":"2020-06-10T07:00:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356639"},"modified":"2020-06-10T13:07:13","modified_gmt":"2020-06-10T07:37:13","slug":"oil-prices-rise-on-optimism-that-easing-of-lockdowns-may-spur-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-optimism-that-easing-of-lockdowns-may-spur-fuel-demand\/","title":{"rendered":"Oil prices rise on optimism that easing of lockdowns may spur fuel demand"},"content":{"rendered":"<p>Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 1.3%, or 50 cents, to $38.69 a barrel at 0134 GMT, after dropping by $1.36 on Monday. <\/p>\n<p>Brent crude futures rose 1.4%, or 56 cents, to $41.36 a barrel. The benchmark contract fell $1.50 on Monday, snapping a seven-day streak of gains. <\/p>\n<p>&#8220;With Brent holding very nicely above $40, there&#8217;s talk among traders that WTI will test that level soon,&#8221; said Michael McCarthy, chief market strategist at CMC Markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing. U.S. West Texas Intermediate (WTI) crude futures rose 1.3%, or 50 cents, to $38.69 a barrel at 0134 GMT, after dropping by $1.36 on Monday. Brent crude futures rose 1.4%, or 56 cents, to $41.36 a barrel. The benchmark contract fell $1.50 on Monday, snapping a seven-day streak of gains. &#8220;With Brent holding very nicely above $40, there&#8217;s talk among traders that WTI will test that level soon,&#8221; said Michael McCarthy, chief market strategist [&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-356639","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\/356639","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=356639"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356639\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}