{"id":385370,"date":"2020-11-21T09:31:34","date_gmt":"2020-11-21T04:01:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385370"},"modified":"2020-11-21T10:23:01","modified_gmt":"2020-11-21T04:53:01","slug":"oil-prices-little-changed-on-track-for-third-straight-weekly-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-little-changed-on-track-for-third-straight-weekly-gain\/","title":{"rendered":"Oil prices little changed, on track for third straight weekly gain"},"content":{"rendered":"<p>Oil prices were little changed on Friday, on track for a third consecutive weekly rise, but demand concerns stemming from surging coronavirus cases and renewed lockdowns in several countries capped any further gains. <\/p>\n<p>The likelihood of an effective Covid-19 vaccine and hopes that OPEC and its allies would keep production under check have bolstered the oil markets this week.<\/p>\n<p>Brent crude futures were up 5 cents, or 0.1% to $44.25 a barrel at 0505 GMT.<\/p>\n<p>The more active U.S. West Texas Intermediate (WTI) crude contract remained unchanged at $41.90 a barrel. The WTI contract for November, which expires on Friday, was also flat at $41.74 per barrel. <\/p>\n<p>Both benchmarks are up over 3% so far this week, the slimmest weekly gains in the last three weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed on Friday, on track for a third consecutive weekly rise, but demand concerns stemming from surging coronavirus cases and renewed lockdowns in several countries capped any further gains. The likelihood of an effective Covid-19 vaccine and hopes that OPEC and its allies would keep production under check have bolstered the oil markets this week. Brent crude futures were up 5 cents, or 0.1% to $44.25 a barrel at 0505 GMT. The more active U.S. West Texas Intermediate (WTI) crude contract remained unchanged at $41.90 a barrel. The WTI contract for November, which expires on Friday, [&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":[146,130,177],"tags":[],"class_list":["post-385370","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385370","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=385370"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385370\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}