{"id":383649,"date":"2020-11-11T11:21:19","date_gmt":"2020-11-11T05:51:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383649"},"modified":"2020-11-11T12:47:58","modified_gmt":"2020-11-11T07:17:58","slug":"oil-gains-as-vaccine-hopes-outweigh-lockdown-impact-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-as-vaccine-hopes-outweigh-lockdown-impact-2\/","title":{"rendered":"Oil gains as 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 of new lockdowns to curb the virus.<\/p>\n<p>Brent crude futures rose 34 cents, or 0.8%, to $42.74 by 1312 GMT, while US West Texas Intermediate (WTI) crude futures gained 20 cents, or 0.5%, to $40.49.<\/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 an 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 of new lockdowns to curb the virus. Brent crude futures rose 34 cents, or 0.8%, to $42.74 by 1312 GMT, while US West Texas Intermediate (WTI) crude futures gained 20 cents, or 0.5%, to $40.49. Both contracts jumped 8% on Monday, in their biggest daily gains in more than five months, after drugmakers Pfizer and BioNTech said an experimental COVID-19 treatment was more than 90% effective based on initial trial results. Mass rollouts, however, are likely [&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":[139,130,187],"tags":[],"class_list":["post-383649","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383649","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=383649"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383649\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}