{"id":366090,"date":"2020-08-04T10:20:53","date_gmt":"2020-08-04T04:50:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366090"},"modified":"2020-08-04T10:33:31","modified_gmt":"2020-08-04T05:03:31","slug":"oil-prices-up-on-positive-economic-data-but-covid-19-pandemic-fears-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-up-on-positive-economic-data-but-covid-19-pandemic-fears-weigh\/","title":{"rendered":"Oil prices up on positive economic data, but Covid-19 pandemic fears weigh"},"content":{"rendered":"<p>New York oil prices rose about 2% on Monday on positive economic data from Europe, Asia and the United States, but rising Covid-19 cases globally and oversupply worries fuelled by the prospect of OPEC and its allies easing output cuts limited gains. <\/p>\n<p>Brent crude rose 66 cents, or 1.5%, to $44.18 a barrel by 11:32 a.m. EDT (1532 GMT) while U.S. West Texas Intermediate (WTI) crude gained 81 cents, or 2%, to $41.08. <\/p>\n<p>U.S. manufacturing activity accelerated to its highest level in nearly 1-1\/2 years in July as orders increased despite a resurgence in new Covid-19 infections, a survey from the Institute for Supply Management said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York oil prices rose about 2% on Monday on positive economic data from Europe, Asia and the United States, but rising Covid-19 cases globally and oversupply worries fuelled by the prospect of OPEC and its allies easing output cuts limited gains. Brent crude rose 66 cents, or 1.5%, to $44.18 a barrel by 11:32 a.m. EDT (1532 GMT) while U.S. West Texas Intermediate (WTI) crude gained 81 cents, or 2%, to $41.08. U.S. manufacturing activity accelerated to its highest level in nearly 1-1\/2 years in July as orders increased despite a resurgence in new Covid-19 infections, a survey from [&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-366090","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\/366090","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=366090"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366090\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}