{"id":386205,"date":"2020-11-26T08:39:34","date_gmt":"2020-11-26T03:09:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386205"},"modified":"2020-11-26T09:23:15","modified_gmt":"2020-11-26T03:53:15","slug":"oil-extends-gains-on-vaccine-hopes-shrugs-off-us-inventory-build","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-gains-on-vaccine-hopes-shrugs-off-us-inventory-build\/","title":{"rendered":"Oil extends gains on vaccine hopes, shrugs off US inventory build"},"content":{"rendered":"<p>Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. <\/p>\n<p>Brent crude was up 53 cents, or 1.1%, at $48.39 a barrel by 0956 GMT, having risen almost 4% in the previous session. <\/p>\n<p>West Texas Intermediate crude gained 38 cents, or 0.8%, to $45.29, after rising more than 4% on Tuesday. <\/p>\n<p>&#8220;Crude oil prices are trading at their highest levels since early March, supported by positive market sentiment as a result of vaccine news and strong oil demand in Asia,&#8221; said UBS oil analyst Giovanni Staunovo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude was up 53 cents, or 1.1%, at $48.39 a barrel by 0956 GMT, having risen almost 4% in the previous session. West Texas Intermediate crude gained 38 cents, or 0.8%, to $45.29, after rising more than 4% on Tuesday. &#8220;Crude oil prices are trading at their highest levels since early March, supported by positive market sentiment as a result [&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-386205","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\/386205","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=386205"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386205\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}