{"id":387973,"date":"2020-12-05T09:19:58","date_gmt":"2020-12-05T03:49:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387973"},"modified":"2020-12-05T10:41:29","modified_gmt":"2020-12-05T05:11:29","slug":"oil-rises-hovers-below-50-bbl-as-us-mulls-stimulus-opec-compromises","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-hovers-below-50-bbl-as-us-mulls-stimulus-opec-compromises\/","title":{"rendered":"Oil rises, hovers below $50\/bbl as US mulls stimulus, OPEC+ compromises"},"content":{"rendered":"<p>Brent crude oil futures rose to just under $50 a barrel on Friday as expectations of a US economic stimulus package and the possibility of a vaccine for the coronavirus overrode rising supply and increased Covid-19 deaths. <\/p>\n<p>A bipartisan $908 billion coronavirus aid plan gained momentum in the US Congress.<\/p>\n<p>Brent was up 42 cents at $49.13 a barrel by 11:19 a.m. EST (1619 GMT) after hitting its highest since early March at $49.92. West Texas Intermediate rose 46 cents to $46.10 a barrel, after touching a high of $46.68 a barrel. Both benchmarks are set for a fifth straight week of gains. <\/p>\n<p>&#8220;We&#8217;re higher, despite super bearish events &#8211; it&#8217;s all about the stimulus,&#8221; said Bob Yawger, director of energy futures at Mizuho in New York. &#8220;You can&#8217;t go home short this weekend because they could sign a deal this weekend.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude oil futures rose to just under $50 a barrel on Friday as expectations of a US economic stimulus package and the possibility of a vaccine for the coronavirus overrode rising supply and increased Covid-19 deaths. A bipartisan $908 billion coronavirus aid plan gained momentum in the US Congress. Brent was up 42 cents at $49.13 a barrel by 11:19 a.m. EST (1619 GMT) after hitting its highest since early March at $49.92. West Texas Intermediate rose 46 cents to $46.10 a barrel, after touching a high of $46.68 a barrel. Both benchmarks are set for a fifth straight [&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":[146,130,234],"tags":[],"class_list":["post-387973","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387973","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=387973"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387973\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}