{"id":394060,"date":"2021-01-08T08:42:42","date_gmt":"2021-01-08T03:12:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394060"},"modified":"2021-01-08T09:21:59","modified_gmt":"2021-01-08T03:51:59","slug":"oil-hits-11-month-high-on-saudi-cuts-shrugs-off-us-capitol-unrest","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-11-month-high-on-saudi-cuts-shrugs-off-us-capitol-unrest\/","title":{"rendered":"Oil hits 11-month high on Saudi cuts, shrugs off US Capitol unrest"},"content":{"rendered":"<p>Oil prices edged higher on Thursday, hitting 11-month peaks as markets remained focused on Saudi Arabia&#8217;s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political unrest in the United States.<br \/>\nBrent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first Covid-19 lockdowns in the West. <\/p>\n<p>US West Texas Intermediate (WTI) was up 24 cents to $50.87, after hitting a session high at $51.28. <\/p>\n<p>On Wednesday, a mob of President Donald Trump&#8217;s supporters stormed the US Capitol after he urged them to protest Congress&#8217;s validation of his election loss. Crude futures prices briefly dipped during the unrest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Thursday, hitting 11-month peaks as markets remained focused on Saudi Arabia&#8217;s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political unrest in the United States. Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first Covid-19 lockdowns in the West. US West Texas Intermediate (WTI) was up 24 cents to $50.87, after hitting a session high at $51.28. On Wednesday, a mob of President Donald Trump&#8217;s supporters stormed the US Capitol after he urged them [&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-394060","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\/394060","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=394060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}