{"id":390102,"date":"2020-12-18T08:44:08","date_gmt":"2020-12-18T03:14:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390102"},"modified":"2020-12-18T09:23:31","modified_gmt":"2020-12-18T03:53:31","slug":"oil-prices-hit-9-month-high-on-us-stimulus-deal-refining-demand-in-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-9-month-high-on-us-stimulus-deal-refining-demand-in-india\/","title":{"rendered":"Oil prices hit 9-month high on US stimulus deal, refining demand in India"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India. <\/p>\n<p>U.S. lawmakers edged closer to agreement on a $900 billion virus-relief spending package on Wednesday. <\/p>\n<p>The U.S. dollar set a 2-1\/2 year low against major rivals on Thursday. Since crude is priced in greenbacks, this made oil cheaper for buyers holding other currencies. <\/p>\n<p>Brent crude futures settled up 42 cents at $51.50 a barrel, and touched a session high of $51.90. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose by 54 cents to $48.36 a barrel, with a session high of $48.59. Both benchmarks hit their highest since early March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India. U.S. lawmakers edged closer to agreement on a $900 billion virus-relief spending package on Wednesday. The U.S. dollar set a 2-1\/2 year low against major rivals on Thursday. Since crude is priced in greenbacks, this made oil cheaper for buyers holding other currencies. Brent crude futures settled up 42 cents at $51.50 a barrel, and touched a session high of $51.90. U.S. West Texas Intermediate (WTI) crude futures rose [&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-390102","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\/390102","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=390102"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390102\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}