{"id":399980,"date":"2021-02-11T10:28:17","date_gmt":"2021-02-11T04:58:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399980"},"modified":"2021-02-11T11:03:21","modified_gmt":"2021-02-11T05:33:21","slug":"oil-rally-extends-for-9th-day-on-opec-cuts-demand-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rally-extends-for-9th-day-on-opec-cuts-demand-hopes\/","title":{"rendered":"Oil rally extends for 9th day on OPEC+ cuts, demand hopes"},"content":{"rendered":"<p>Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a recovery in demand.<\/p>\n<p>The American Petroleum Institute said on Tuesday crude inventories fell by 3.5 million barrels, versus expectations for a 985,000-barrel build. The Energy Information Administration&#8217;s official stocks report is due at 1530 GMT.<\/p>\n<p>Brent crude was up 42 cents, or 0.7%, at $61.51 by 1115 GMT after touching a 13-month high of $61.61 earlier in the session. US crude was up 32 cents, or 0.6%, to $58.68, having touched $58.76, also a 13-month high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a recovery in demand. The American Petroleum Institute said on Tuesday crude inventories fell by 3.5 million barrels, versus expectations for a 985,000-barrel build. The Energy Information Administration&#8217;s official stocks report is due at 1530 GMT. Brent crude was up 42 cents, or 0.7%, at $61.51 by 1115 GMT after touching a 13-month high of $61.61 earlier in the session. US crude was up 32 cents, or 0.6%, to $58.68, having [&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-399980","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\/399980","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=399980"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399980\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}