{"id":404750,"date":"2021-03-15T10:12:08","date_gmt":"2021-03-15T04:42:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404750"},"modified":"2021-03-15T11:08:15","modified_gmt":"2021-03-15T05:38:15","slug":"oil-steady-near-70-on-hopes-of-recovering-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-near-70-on-hopes-of-recovering-demand\/","title":{"rendered":"Oil steady near $70 on hopes of recovering demand"},"content":{"rendered":"<p>Oil hovered near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year.<\/p>\n<p>Benchmark Brent fell 14 cents, or 0.2 per cent, to $69.49 a barrel by 1321 GMT while US West Texas Intermediate crude was at $65.90 a barrel, down 12 cents, or 0.01 per cent.<\/p>\n<p>Brent is on track to end the week flat after prices touched a 13-month high on Monday, following seven straight weeks of gains. <\/p>\n<p>The Organization of Petroleum Exporting Countries forecast a stronger oil demand recovery this year, weighted to the second half. OPEC, Russia and its allies decided last week to maintain its output curbs almost unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil hovered near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year. Benchmark Brent fell 14 cents, or 0.2 per cent, to $69.49 a barrel by 1321 GMT while US West Texas Intermediate crude was at $65.90 a barrel, down 12 cents, or 0.01 per cent. Brent is on track to end the week flat after prices touched a 13-month high on Monday, following seven straight weeks of gains. The Organization of Petroleum Exporting Countries forecast a stronger oil demand recovery this year, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-404750","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404750","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404750"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404750\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}