{"id":383366,"date":"2020-11-10T08:46:21","date_gmt":"2020-11-10T03:16:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383366"},"modified":"2020-11-10T09:28:53","modified_gmt":"2020-11-10T03:58:53","slug":"oil-climbs-as-president-elect-bidens-win-triggers-broader-market-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-as-president-elect-bidens-win-triggers-broader-market-rally\/","title":{"rendered":"Oil climbs as President-elect Biden&#8217;s win triggers broader market rally"},"content":{"rendered":"<p>Oil advanced to trade near $38 a barrel in New York as US President-elect Joe Biden prepared to transition to the White House, sparking a buoyant mood across markets. <\/p>\n<p>Futures rose 2.5 per cent, following equity markets higher as more certainty emerged from the outcome of the vote. Biden declared victory and began preparations to navigate America\u2019s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. <\/p>\n<p>\u201cPredictability and stimulus is what markets are rejoicing about,\u201d said Bjarne Schieldrop, chief commodities analyst at SEB AB.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil advanced to trade near $38 a barrel in New York as US President-elect Joe Biden prepared to transition to the White House, sparking a buoyant mood across markets. Futures rose 2.5 per cent, following equity markets higher as more certainty emerged from the outcome of the vote. Biden declared victory and began preparations to navigate America\u2019s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. \u201cPredictability and stimulus is what markets are rejoicing about,\u201d said Bjarne Schieldrop, chief commodities analyst at SEB AB.<\/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-383366","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\/383366","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=383366"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383366\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}