{"id":359724,"date":"2020-06-27T10:22:41","date_gmt":"2020-06-27T04:52:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359724"},"modified":"2020-06-27T10:56:14","modified_gmt":"2020-06-27T05:26:14","slug":"oil-gains-on-growing-fuel-demand-even-as-coronavirus-cases-surge-worldwide-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-on-growing-fuel-demand-even-as-coronavirus-cases-surge-worldwide-2\/","title":{"rendered":"Oil gains on growing fuel demand, even as coronavirus cases surge worldwide"},"content":{"rendered":"<p>Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some US states and signs of a revival in US crude production.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures gained 57 cents, or 1.5%, to $39.29 at 0431 GMT but were on track for a slight drop for the week.<\/p>\n<p>Brent crude futures rose 64 cents, or 1.6%, to $41.69 and were also heading for 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 Avtar Sandu, senior manager commodities at Phillip Futures in Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some US states and signs of a revival in US crude production. US West Texas Intermediate (WTI) crude futures gained 57 cents, or 1.5%, to $39.29 at 0431 GMT but were on track for a slight drop for the week. Brent crude futures rose 64 cents, or 1.6%, to $41.69 and were also heading for a small decline for the week. Overall, commodities markets were taking a positive view on the global recovery on Friday despite worries [&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":[135,130,169],"tags":[],"class_list":["post-359724","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359724","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=359724"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359724\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}