{"id":358647,"date":"2020-06-22T12:25:58","date_gmt":"2020-06-22T06:55:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358647"},"modified":"2020-06-22T12:25:58","modified_gmt":"2020-06-22T06:55:58","slug":"oil-edges-up-on-tighter-supply-but-demand-worries-limit-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-up-on-tighter-supply-but-demand-worries-limit-gains\/","title":{"rendered":"Oil edges up on tighter supply, but demand worries limit gains"},"content":{"rendered":"<p>Oil prices nudged higher on Monday on tighter supplies from major producers, but a record rise in global coronavirus cases raised concerns a recovery in fuel demand could stall, checking gains.<\/p>\n<p>Brent crude rose 8 cents, or 0.2%, to $42.22 a barrel by 0249 GMT, while U.S. crude was at $39.93 a barrel, up 10 cents, or 0.3%.<\/p>\n<p>Both contracts rose about 9% last week and Brent crude futures have flipped into backwardation, where oil for immediate delivery costs more than supply later, usually an indication of tightening supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices nudged higher on Monday on tighter supplies from major producers, but a record rise in global coronavirus cases raised concerns a recovery in fuel demand could stall, checking gains. Brent crude rose 8 cents, or 0.2%, to $42.22 a barrel by 0249 GMT, while U.S. crude was at $39.93 a barrel, up 10 cents, or 0.3%. Both contracts rose about 9% last week and Brent crude futures have flipped into backwardation, where oil for immediate delivery costs more than supply later, usually an indication of tightening supply.<\/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-358647","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\/358647","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=358647"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358647\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}