{"id":383364,"date":"2020-11-10T08:44:10","date_gmt":"2020-11-10T03:14:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383364"},"modified":"2020-11-10T09:29:07","modified_gmt":"2020-11-10T03:59:07","slug":"oil-prices-soar-about-8-on-promising-coronavirus-vaccine-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-soar-about-8-on-promising-coronavirus-vaccine-results\/","title":{"rendered":"Oil prices soar about 8% on promising coronavirus vaccine results"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil surged about 8% on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets around the globe. <\/p>\n<p>Brent crude was up $3.11, or 7.9%, at $42.56 a barrel at 1:35 p.m. EDT (1835 GMT), while U.S. West Texas Intermediate crude rose $3.31, or 8.9%, to $40.45. <\/p>\n<p>Both contracts rose more than $4 earlier in the session and traded more than 120% of last session&#8217;s volumes. <\/p>\n<p>&#8220;The oil complex is joining in the bullish euphoria of today&#8217;s optimistic vaccine headlines as well as the weekend election results by trailing the equities higher,&#8221; said Jim Ritterbusch of Ritterbusch and Associates in Houston.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil surged about 8% on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets around the globe. Brent crude was up $3.11, or 7.9%, at $42.56 a barrel at 1:35 p.m. EDT (1835 GMT), while U.S. West Texas Intermediate crude rose $3.31, or 8.9%, to $40.45. Both contracts rose more than $4 earlier in the session and traded more than 120% of last session&#8217;s volumes. &#8220;The oil complex is joining in the bullish euphoria of today&#8217;s optimistic vaccine [&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-383364","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\/383364","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=383364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}