{"id":399228,"date":"2021-02-05T11:37:32","date_gmt":"2021-02-05T06:07:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399228"},"modified":"2021-02-05T11:37:32","modified_gmt":"2021-02-05T06:07:32","slug":"oil-hits-highest-levels-since-feb-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-highest-levels-since-feb-2020\/","title":{"rendered":"Oil hits highest levels since Feb 2020"},"content":{"rendered":"<p>London: Oil NSE -0.21 % prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new US pandemic relief bill adding further price support. Brent crude futures gained 24 cents, or 0.41%, to $58.70 a barrel by 1346 GMT, having earlier hit their highest level since Feb. 21 last year at $59.04.<\/p>\n<p>US West Texas Intermediate crude futures climbed 32 cents, or 0.57%, to $56.01 after reaching its highest settlement level in a year at $55.69. \u201cSupporting factors outweigh negative developments at the moment,&#8221; said PVM Oil Associates analyst Tamas Varga.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London: Oil NSE -0.21 % prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new US pandemic relief bill adding further price support. Brent crude futures gained 24 cents, or 0.41%, to $58.70 a barrel by 1346 GMT, having earlier hit their highest level since Feb. 21 last year at $59.04. US West Texas Intermediate crude futures climbed 32 cents, or 0.57%, to $56.01 after reaching its highest settlement level in a year at $55.69. \u201cSupporting factors outweigh negative developments at the moment,&#8221; [&hellip;]<\/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-399228","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\/399228","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=399228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399228\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}