{"id":384892,"date":"2020-11-19T08:42:06","date_gmt":"2020-11-19T03:12:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384892"},"modified":"2020-11-19T09:29:23","modified_gmt":"2020-11-19T03:59:23","slug":"oil-prices-gain-2-on-potential-opec-rethink-and-covid-19-vaccine-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-2-on-potential-opec-rethink-and-covid-19-vaccine-hopes\/","title":{"rendered":"Oil prices gain 2% on potential OPEC+ rethink and Covid-19 vaccine hopes"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices firmed by about 2% on Wednesday on hopes OPEC and its allies will delay a planned increase in oil output and after Pfizer said its COVID-19 vaccine was more effective than previously reported. <\/p>\n<p>The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week. <\/p>\n<p>Brent crude rose 90 cents, or 2.1%, to $44.65 a barrel by 1:58 p.m. ET (1858 GMT,) while U.S. West Texas Intermediate crude gained 68 cents, or 1.6%, to $42.11. <\/p>\n<p>Both contracts jumped by about $1 after Pfizer Inc said that final results from late-stage trial of its vaccine showed it was 95% effective. Last week it had put the efficacy at more than 90%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices firmed by about 2% on Wednesday on hopes OPEC and its allies will delay a planned increase in oil output and after Pfizer said its COVID-19 vaccine was more effective than previously reported. The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week. Brent crude rose 90 cents, or 2.1%, to $44.65 a barrel by 1:58 p.m. ET (1858 GMT,) while U.S. West Texas Intermediate crude gained 68 cents, or 1.6%, to $42.11. Both contracts jumped by about $1 after Pfizer Inc said that final results from late-stage trial [&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-384892","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\/384892","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=384892"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384892\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}