{"id":404581,"date":"2021-03-12T11:12:22","date_gmt":"2021-03-12T05:42:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404581"},"modified":"2021-03-12T11:12:22","modified_gmt":"2021-03-12T05:42:22","slug":"crude-oil-declines-but-stays-near-70-as-demand-recovery-hopes-lend-support","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-declines-but-stays-near-70-as-demand-recovery-hopes-lend-support\/","title":{"rendered":"Crude oil declines, but stays near $70 as demand recovery hopes lend support"},"content":{"rendered":"<p>SINGAPORE: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.<\/p>\n<p>Brent crude futures for May slipped 17 cents, or 0.2%, to $69.46 a barrel by 0109 GMT while U.S. West Texas Intermediate crude for April was at $65.79 a barrel, down 23 cents, or 0.4%.<\/p>\n<p>Front-month Brent is on track to post weekly gains for the eighth week after touching a 13-month high on Monday following attacks on Saudi Arabian oil facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support. Brent crude futures for May slipped 17 cents, or 0.2%, to $69.46 a barrel by 0109 GMT while U.S. West Texas Intermediate crude for April was at $65.79 a barrel, down 23 cents, or 0.4%. Front-month Brent is on track to post weekly gains for the eighth week after touching a 13-month high on Monday following attacks on [&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-404581","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\/404581","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=404581"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404581\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}