{"id":384438,"date":"2020-11-17T11:16:55","date_gmt":"2020-11-17T05:46:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384438"},"modified":"2020-11-17T11:16:55","modified_gmt":"2020-11-17T05:46:55","slug":"crude-oil-prices-jump-over-4-on-latest-covid-19-vaccine-progress","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-jump-over-4-on-latest-covid-19-vaccine-progress\/","title":{"rendered":"Crude oil prices jump over 4% on latest Covid-19 vaccine progress"},"content":{"rendered":"<p>Oil prices jumped more than 4 per cent on Monday, recouping the previous session\u2019s losses after Moderna said its experimental vaccine was 94.5 per cent effective in preventing Covid-19.<\/p>\n<p>Brent crude futures for January were up $1.79, or 4.2 per cent, to $44.57 a barrel by 7:50 pm (IST), while U.S. West Texas Intermediate crude for December was up $1.84 or 4.6 per cent to $41.97.<\/p>\n<p>\u201cVaccine euphoria has already been priced in heavily since last week, but a second remedy to Covid shows that a large-scale vaccination programme, with sufficient amounts for the global population, is somewhat closer,\u201d said Rystad Energy analyst Louise Dickson.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped more than 4 per cent on Monday, recouping the previous session\u2019s losses after Moderna said its experimental vaccine was 94.5 per cent effective in preventing Covid-19. Brent crude futures for January were up $1.79, or 4.2 per cent, to $44.57 a barrel by 7:50 pm (IST), while U.S. West Texas Intermediate crude for December was up $1.84 or 4.6 per cent to $41.97. \u201cVaccine euphoria has already been priced in heavily since last week, but a second remedy to Covid shows that a large-scale vaccination programme, with sufficient amounts for the global population, is somewhat closer,\u201d said [&hellip;]<\/p>\n","protected":false},"author":39,"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-384438","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\/384438","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=384438"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384438\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}