{"id":362418,"date":"2020-07-13T10:15:55","date_gmt":"2020-07-13T04:45:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362418"},"modified":"2020-07-13T10:59:57","modified_gmt":"2020-07-13T05:29:57","slug":"oil-prices-climb-more-than-2-on-improved-forecast-for-demand-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-more-than-2-on-improved-forecast-for-demand-recovery\/","title":{"rendered":"Oil prices climb more than 2% on improved forecast for demand recovery"},"content":{"rendered":"<p>Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. <\/p>\n<p>Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row. <\/p>\n<p>Brent crude settled up 89 cents, or 2%, at $43.24 a barrel and US oil settled up 93 cents, or 2.4%, at $40.55 a barrel. <\/p>\n<p>A strong stock market also boosted oil prices. A slate of economic data, including a record monthly payrolls addition, pointed to a revival in US business activity in June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row. Brent crude settled up 89 cents, or 2%, at $43.24 a barrel and US oil settled up 93 cents, or 2.4%, at $40.55 a barrel. A strong stock market also boosted [&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-362418","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\/362418","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=362418"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362418\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}