{"id":404613,"date":"2021-03-12T11:22:31","date_gmt":"2021-03-12T05:52:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404613"},"modified":"2021-03-12T12:30:21","modified_gmt":"2021-03-12T07:00:21","slug":"oil-prices-rise-as-vaccine-drives-bolster-economic-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-as-vaccine-drives-bolster-economic-outlook\/","title":{"rendered":"Oil prices rise as vaccine drives bolster economic outlook"},"content":{"rendered":"<p>Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and US fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month&#8217;s Texas storm.<\/p>\n<p>Brent crude oil futures for May rose 55 cents, or 0.8%, to $68.45 a barrel by 0328 GMT, while US West Texas Intermediate crude for April was up 52 cents, or 0.8%, at $64.96.<\/p>\n<p>&#8220;Gasoline stocks fell&#8230; (which) provided the bullish offset and eventually sent oil prices higher on the strong demand for end products, hence an economic recovery,&#8221; said Stephen Innes, Chief Global Markets Strategist at Axi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices rose on Thursday as vaccine rollouts bolstered the economic outlook and US fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month&#8217;s Texas storm. Brent crude oil futures for May rose 55 cents, or 0.8%, to $68.45 a barrel by 0328 GMT, while US West Texas Intermediate crude for April was up 52 cents, or 0.8%, at $64.96. &#8220;Gasoline stocks fell&#8230; (which) provided the bullish offset and eventually sent oil prices higher on the strong demand for end products, hence an economic recovery,&#8221; said Stephen Innes, Chief Global Markets [&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":[141,130,183],"tags":[],"class_list":["post-404613","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404613","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=404613"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404613\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}