{"id":396238,"date":"2021-01-20T08:37:29","date_gmt":"2021-01-20T03:07:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396238"},"modified":"2021-01-20T09:29:18","modified_gmt":"2021-01-20T03:59:18","slug":"oil-gains-on-stimulus-optimism-ahead-of-joe-bidens-inauguration","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-on-stimulus-optimism-ahead-of-joe-bidens-inauguration\/","title":{"rendered":"Oil gains on stimulus optimism ahead of Joe Biden&#8217;s inauguration"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden&#8217;s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth. <\/p>\n<p>Brent futures for March delivery rose $1.15, or 2.1%, to settle at $55.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.2%, to settle at $52.98. Front-month February WTI futures expire on Wednesday. <\/p>\n<p>Wall Street&#8217;s main indexes rose after upbeat earnings from big U.S. banks and comments from U.S. Treasury Secretary nominee Janet Yellen ahead of Biden&#8217;s inauguration on Wednesday. <\/p>\n<p>Yellen urged lawmakers to &#8220;act big&#8221; on the next coronavirus relief package, adding that the benefits outweigh the costs of a higher debt burden.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden&#8217;s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth. Brent futures for March delivery rose $1.15, or 2.1%, to settle at $55.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.2%, to settle at $52.98. Front-month February WTI futures expire on Wednesday. Wall Street&#8217;s main indexes rose after upbeat earnings from big U.S. banks and comments from U.S. Treasury Secretary nominee Janet Yellen ahead of Biden&#8217;s inauguration on Wednesday. Yellen urged [&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-396238","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\/396238","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=396238"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396238\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}