{"id":392497,"date":"2020-12-31T10:29:01","date_gmt":"2020-12-31T04:59:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392497"},"modified":"2020-12-31T10:29:01","modified_gmt":"2020-12-31T04:59:01","slug":"oil-prices-up-on-weaker-dollar-and-lower-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-up-on-weaker-dollar-and-lower-inventories\/","title":{"rendered":"Oil prices up on weaker dollar and lower inventories"},"content":{"rendered":"<p>Oil prices rose on Wednesday on the back of a weaker dollar, a decline in US inventories and Britain&#8217;s approval of a second coronavirus vaccine, but both benchmark contracts remained on track for a decline of about 20% for the year.<\/p>\n<p>Brent crude futures gained 15 cents to $51.25 a barrel by 1453 GMT, having started the year above $66. US West Texas Intermediate (WTI) crude had added 11 cents to trade at $48.11, down from about $62 at the start of 2020.<\/p>\n<p>Both contracts turned negative briefly in early US trading as a bigger fiscal aid package in the United States looked increasingly unlikely, dampening hopes for a swifter recovery of oil demand that has been hammered by the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday on the back of a weaker dollar, a decline in US inventories and Britain&#8217;s approval of a second coronavirus vaccine, but both benchmark contracts remained on track for a decline of about 20% for the year. Brent crude futures gained 15 cents to $51.25 a barrel by 1453 GMT, having started the year above $66. US West Texas Intermediate (WTI) crude had added 11 cents to trade at $48.11, down from about $62 at the start of 2020. Both contracts turned negative briefly in early US trading as a bigger fiscal aid package in the [&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-392497","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\/392497","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=392497"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392497\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}