{"id":399026,"date":"2021-02-04T11:41:16","date_gmt":"2021-02-04T06:11:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399026"},"modified":"2021-02-04T11:41:16","modified_gmt":"2021-02-04T06:11:16","slug":"oil-prices-near-1-year-highs-after-stocks-draw-supply-deficit-forecast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-near-1-year-highs-after-stocks-draw-supply-deficit-forecast\/","title":{"rendered":"Oil prices near 1-year highs after stocks draw, supply deficit forecast"},"content":{"rendered":"<p>Both benchmark oil NSE 2.98 % contracts were close to their highest in about a year on Wednesday, boosted by a draw in U.S. crude and gasoline stocks, which fuelled demand recovery hopes as OPEC+ has forecast that the market will be in deficit in 2021.<\/p>\n<p>Brent crude futures were up 55 cents, or 1%, at $58.01 a barrel at 1245 GMT, their highest in about 11 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both benchmark oil NSE 2.98 % contracts were close to their highest in about a year on Wednesday, boosted by a draw in U.S. crude and gasoline stocks, which fuelled demand recovery hopes as OPEC+ has forecast that the market will be in deficit in 2021. Brent crude futures were up 55 cents, or 1%, at $58.01 a barrel at 1245 GMT, their highest in about 11 months.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-399026","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399026","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399026"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399026\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}