{"id":369685,"date":"2020-08-25T08:46:35","date_gmt":"2020-08-25T03:16:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369685"},"modified":"2020-08-25T09:23:37","modified_gmt":"2020-08-25T03:53:37","slug":"oil-prices-gain-as-storm-shuts-us-output-progress-in-covid-19-treatment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-as-storm-shuts-us-output-progress-in-covid-19-treatment\/","title":{"rendered":"Oil prices gain as storm shuts US output, progress in Covid-19 treatment"},"content":{"rendered":"<p>Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on signs of progress in development of a Covid-19 treatment. <\/p>\n<p>Brent crude was up 32 cents, or 0.7 per cent, at $44.67 a barrel by 0753 GMT. US West Texas Intermediate crude rose 31 cents, or 0.7 per cent, to $42.65. <\/p>\n<p>&#8220;Prices are taking their cues from Mother Nature this morning as two storms bear down on the Gulf of Mexico. Half of the region&#8217;s production has been shut down, though gains will be limited by the threat of a second prolonged Covid wave,&#8221; said Stephen Brennock of oil broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on signs of progress in development of a Covid-19 treatment. Brent crude was up 32 cents, or 0.7 per cent, at $44.67 a barrel by 0753 GMT. US West Texas Intermediate crude rose 31 cents, or 0.7 per cent, to $42.65. &#8220;Prices are taking their cues from Mother Nature this morning as two storms bear down on the Gulf of Mexico. Half of the region&#8217;s production has been shut down, though gains will be limited by 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":[135,130,169],"tags":[],"class_list":["post-369685","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\/369685","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=369685"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369685\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}