{"id":396258,"date":"2021-01-20T10:34:28","date_gmt":"2021-01-20T05:04:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396258"},"modified":"2021-01-20T10:34:28","modified_gmt":"2021-01-20T05:04:28","slug":"oil-prices-rise-as-investors-look-to-higher-demand-seen-in-second-half","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-as-investors-look-to-higher-demand-seen-in-second-half\/","title":{"rendered":"Oil prices rise as investors look to higher demand seen in second half"},"content":{"rendered":"<p>Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed Covid-19 pandemic lockdowns globally are cooling fuel consumption.<\/p>\n<p>Brent crude futures for March rose 72 cents to $55.47 a barrel by 1152 GMT after slipping 35 cents in the previous session.<\/p>\n<p>&#8220;The perception that any retracement will be quick as confidence in economic and oil demand recovery is unlikely to fade away,&#8221; said PVM analysts in a note.<\/p>\n<p>US West Texas Intermediate crude was at $52.65 a barrel, up 29 cents. There was no settlement on Monday as U.S. markets were closed for a public holiday. Front-month February WTI futures expire on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed Covid-19 pandemic lockdowns globally are cooling fuel consumption. Brent crude futures for March rose 72 cents to $55.47 a barrel by 1152 GMT after slipping 35 cents in the previous session. &#8220;The perception that any retracement will be quick as confidence in economic and oil demand recovery is unlikely to fade away,&#8221; said PVM analysts in a note. US West Texas Intermediate crude was at $52.65 a barrel, up 29 cents. There was no settlement on Monday [&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-396258","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\/396258","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=396258"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396258\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}