{"id":383920,"date":"2020-11-12T12:21:29","date_gmt":"2020-11-12T06:51:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=383920"},"modified":"2020-11-12T13:51:34","modified_gmt":"2020-11-12T08:21:34","slug":"oil-rises-on-hopes-for-covid-19-vaccine-declining-us-crude-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-hopes-for-covid-19-vaccine-declining-us-crude-stocks\/","title":{"rendered":"Oil rises on hopes for Covid-19 vaccine, declining US crude stocks"},"content":{"rendered":"<p>Oil prices climbed on Wednesday as hopes of an effective Covid-19 vaccine continued to bolster sentiment, while an industry report showed US crude inventories fell more than expected.<\/p>\n<p>Brent crude futures rose $1.01, or 2.3% to $44.62 a barrel at 0740 GMT, while US West Texas Intermediate (WTI) crude futures added 99 cents, or 2.4%, to $42.35 a barrel. Both benchmarks gained nearly 3% on Tuesday.<\/p>\n<p>\u201cThere are no signs of a correction in oil markets, with Brent and WTI rising strongly again overnight as oil traders go all-in on a vaccine-led recovery boosting demand,\u201d said Jeffrey Halley, senior market analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Wednesday as hopes of an effective Covid-19 vaccine continued to bolster sentiment, while an industry report showed US crude inventories fell more than expected. Brent crude futures rose $1.01, or 2.3% to $44.62 a barrel at 0740 GMT, while US West Texas Intermediate (WTI) crude futures added 99 cents, or 2.4%, to $42.35 a barrel. Both benchmarks gained nearly 3% on Tuesday. \u201cThere are no signs of a correction in oil markets, with Brent and WTI rising strongly again overnight as oil traders go all-in on a vaccine-led recovery boosting demand,\u201d said Jeffrey Halley, senior market [&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":[141,130,183],"tags":[],"class_list":["post-383920","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383920","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=383920"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/383920\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=383920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=383920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=383920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}