{"id":385808,"date":"2020-11-24T10:02:31","date_gmt":"2020-11-24T04:32:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385808"},"modified":"2020-11-24T10:02:31","modified_gmt":"2020-11-24T04:32:31","slug":"oil-holds-near-3-month-highs-as-vaccines-stoke-demand-recovery-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-near-3-month-highs-as-vaccines-stoke-demand-recovery-hopes\/","title":{"rendered":"Oil holds near 3-month highs as vaccines stoke demand recovery hopes"},"content":{"rendered":"<p>Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition.<\/p>\n<p>Brent crude futures rose 3 cents, or 0.1%, to $46.09 a barrel by 0113 GMT, while U.S. West Texas Intermediate crude added 11 cents, or 0.3%, to $43.17 a barrel. Both benchmarks settled up about 2% on Monday after gaining about 5% last week.<\/p>\n<p>&#8220;Oil prices are consolidating near three-month highs after a third successful coronavirus vaccine trial, better-than-expected flash PMI readings across Europe and the U.S.,&#8221; said Edward Moya, senior market analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition. Brent crude futures rose 3 cents, or 0.1%, to $46.09 a barrel by 0113 GMT, while U.S. West Texas Intermediate crude added 11 cents, or 0.3%, to $43.17 a barrel. Both benchmarks settled up about 2% on Monday after gaining about 5% last week. &#8220;Oil prices are consolidating near three-month highs after a third successful coronavirus vaccine trial, better-than-expected flash PMI readings across Europe [&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-385808","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\/385808","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=385808"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385808\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}