{"id":386575,"date":"2020-11-27T11:51:31","date_gmt":"2020-11-27T06:21:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386575"},"modified":"2020-11-27T13:08:44","modified_gmt":"2020-11-27T07:38:44","slug":"oil-rises-for-fifth-day-as-supply-draw-adds-to-covid-19-vaccine-optimism","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-for-fifth-day-as-supply-draw-adds-to-covid-19-vaccine-optimism\/","title":{"rendered":"Oil rises for fifth day as supply draw adds to Covid-19 vaccine optimism"},"content":{"rendered":"<p>Oil rose for a fifth day &#8212; the longest run of gains since May &#8212; as a surprise drop in US crude stockpiles and a weaker dollar provided more impetus to a rally that\u2019s been driven by vaccine breakthroughs. <\/p>\n<p>Futures in New York climbed as much as 0.5% in early Asian trading to approach $46 a barrel. American oil inventories fell 754,000 barrels last week, according to Energy Information Administration data, compared with the median analyst estimate for a 225,000 barrel build. A dollar index fell, taking its decline this month to 2.5%, boosting the appeal of commodities priced in the currency. <\/p>\n<p>Crude has jumped around 28% in November as signs Covid-19 vaccines could be rolled out within weeks improved the energy demand outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose for a fifth day &#8212; the longest run of gains since May &#8212; as a surprise drop in US crude stockpiles and a weaker dollar provided more impetus to a rally that\u2019s been driven by vaccine breakthroughs. Futures in New York climbed as much as 0.5% in early Asian trading to approach $46 a barrel. American oil inventories fell 754,000 barrels last week, according to Energy Information Administration data, compared with the median analyst estimate for a 225,000 barrel build. A dollar index fell, taking its decline this month to 2.5%, boosting the appeal of commodities priced in [&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":[141,130,183],"tags":[],"class_list":["post-386575","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386575","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=386575"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386575\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}