{"id":383556,"date":"2020-11-11T08:46:08","date_gmt":"2020-11-11T03:16:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383556"},"modified":"2020-11-11T09:35:12","modified_gmt":"2020-11-11T04:05:12","slug":"oil-prices-gain-as-covid-19-vaccine-hopes-outweigh-lockdown-impact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-as-covid-19-vaccine-hopes-outweigh-lockdown-impact\/","title":{"rendered":"Oil prices gain as Covid-19 vaccine hopes outweigh lockdown impact"},"content":{"rendered":"<p>Oil prices rose on Tuesday as hopes that a Covid-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand from new lockdowns to contain the virus. <\/p>\n<p>Brent crude futures rose 53 cents, or 1.3%, to $42.93 by 1435 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 1.3%, to $40.83. <\/p>\n<p>Both contracts jumped 8% on Monday in their biggest daily gains in more than five months after drugmakers Pfizer and BioNTech said that their experimental Covid-19 treatment was more than 90% effective based on initial trial results. <\/p>\n<p>Mass rollouts, however, are likely to be months away and subject to regulatory approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday as hopes that a Covid-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand from new lockdowns to contain the virus. Brent crude futures rose 53 cents, or 1.3%, to $42.93 by 1435 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 1.3%, to $40.83. Both contracts jumped 8% on Monday in their biggest daily gains in more than five months after drugmakers Pfizer and BioNTech said that their experimental Covid-19 treatment was more than 90% effective based on initial trial results. Mass rollouts, however, are [&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-383556","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\/383556","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=383556"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383556\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}