{"id":359591,"date":"2020-06-26T12:18:10","date_gmt":"2020-06-26T06:48:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359591"},"modified":"2020-06-26T12:46:40","modified_gmt":"2020-06-26T07:16:40","slug":"oil-prices-rise-on-demand-recovery-despite-surge-in-virus-cases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-demand-recovery-despite-surge-in-virus-cases\/","title":{"rendered":"Oil prices rise on demand recovery, despite surge in virus cases"},"content":{"rendered":"<p>MELBOURNE: Oil prices rose on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and indications of a revival in U.S. crude production. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 42 cents, or 1.1%, to $39.14 at 0150 GMT but were on track for a slight drop for the week. <\/p>\n<p>Brent crude LCOc1 futures similarly rose 1.1%, or 47 cents, to $41.52, but were also heading towards a small decline for the week. <\/p>\n<p>Overall, commodities markets were taking a positive view on the global recovery on Friday despite worries about coronavirus flare-ups, said Michael McCarthy, chief market strategist at CMC Markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Oil prices rose on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and indications of a revival in U.S. crude production. U.S. West Texas Intermediate (WTI) crude CLc1 futures gained 42 cents, or 1.1%, to $39.14 at 0150 GMT but were on track for a slight drop for the week. Brent crude LCOc1 futures similarly rose 1.1%, or 47 cents, to $41.52, but were also heading towards a small decline for the week. Overall, commodities markets were taking a positive view on the [&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-359591","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359591","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=359591"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359591\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}