{"id":370146,"date":"2020-08-27T09:22:25","date_gmt":"2020-08-27T03:52:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370146"},"modified":"2020-08-27T09:50:23","modified_gmt":"2020-08-27T04:20:23","slug":"wall-street-forges-onward-as-oil-producers-brace-for-hurricane-laura","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/wall-street-forges-onward-as-oil-producers-brace-for-hurricane-laura\/","title":{"rendered":"Wall Street forges onward as oil producers brace for hurricane Laura"},"content":{"rendered":"<p>Major Wall Street indices set records once again on Wednesday, shrugging off worries about a major hurricane approaching a key US oil-producing region and renewed coronavirus fears that had stymied indices elsewhere. <\/p>\n<p>Hurricane Laura&#8217;s imminent impact on the US Gulf Coast region sent oil prices climbing again and testing five-month highs. <\/p>\n<p>Around three million barrels a day of refining capacity have been closed after US authorities said the hurricane could bring &#8220;potentially catastrophic storm surges, extreme winds and flash flooding.&#8221; <\/p>\n<p>Futur prices for US benchmark West Texas Intermediate spiked at mid-session to break above $43.75 before slipping back slightly though still holding near a five-month high. <\/p>\n<p>But the hurricane uncertainty did not deter traders elsewhere in New York, who pushed the S&amp;P 500 and Nasdaq to yet another record high close while the Dow finished up 0.3 percent despite weak opening momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Wall Street indices set records once again on Wednesday, shrugging off worries about a major hurricane approaching a key US oil-producing region and renewed coronavirus fears that had stymied indices elsewhere. Hurricane Laura&#8217;s imminent impact on the US Gulf Coast region sent oil prices climbing again and testing five-month highs. Around three million barrels a day of refining capacity have been closed after US authorities said the hurricane could bring &#8220;potentially catastrophic storm surges, extreme winds and flash flooding.&#8221; Futur prices for US benchmark West Texas Intermediate spiked at mid-session to break above $43.75 before slipping back slightly though [&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":[146,130,177],"tags":[],"class_list":["post-370146","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370146","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=370146"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370146\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}