{"id":383795,"date":"2020-11-12T10:37:52","date_gmt":"2020-11-12T05:07:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383795"},"modified":"2020-11-12T11:23:37","modified_gmt":"2020-11-12T05:53:37","slug":"brent-oil-hits-45-on-hopes-for-covid-19-vaccine-us-crude-stock-draw","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-hits-45-on-hopes-for-covid-19-vaccine-us-crude-stock-draw\/","title":{"rendered":"Brent oil hits $45 on hopes for COVID-19 vaccine, US crude stock draw"},"content":{"rendered":"<p>Benchmark Brent oil rose to a more than two-month high above $45 a barrel on Wednesday on hopes of an effective COVID-19 vaccine and an industry report showing US crude inventories fell more than expected.<\/p>\n<p>Brent was up $1.41, or 3.2%, at $45.02 at 1118 GMT, the first time it cleared the $45 threshold since early September. US West Texas Intermediate (WTI) crude also added $1.41 cents, or 3.4%, to $42.77 a barrel.<\/p>\n<p>Both benchmarks had gained nearly 3% on Tuesday.<\/p>\n<p>&#8220;This week&#8217;s news about a coronavirus vaccine was encouraging and, alongside short-covering activity, strongly supported oil prices on Monday and Tuesday,&#8221; said Giovanni Staunovo, oil analyst for UBS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark Brent oil rose to a more than two-month high above $45 a barrel on Wednesday on hopes of an effective COVID-19 vaccine and an industry report showing US crude inventories fell more than expected. Brent was up $1.41, or 3.2%, at $45.02 at 1118 GMT, the first time it cleared the $45 threshold since early September. US West Texas Intermediate (WTI) crude also added $1.41 cents, or 3.4%, to $42.77 a barrel. Both benchmarks had gained nearly 3% on Tuesday. &#8220;This week&#8217;s news about a coronavirus vaccine was encouraging and, alongside short-covering activity, strongly supported oil prices on Monday [&hellip;]<\/p>\n","protected":false},"author":44,"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-383795","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\/383795","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=383795"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383795\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}