{"id":406971,"date":"2021-03-25T10:28:52","date_gmt":"2021-03-25T04:58:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406971"},"modified":"2021-03-25T11:30:24","modified_gmt":"2021-03-25T06:00:24","slug":"oil-bounces-back-as-us-supply-report-hints-at-demand-revival","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-bounces-back-as-us-supply-report-hints-at-demand-revival\/","title":{"rendered":"Oil bounces back as US supply report hints at demand revival"},"content":{"rendered":"<p>Oil surged the most since November alongside a broader market rally and as signs of stronger gasoline demand in the U.S. eased concerns around the global economic recovery from the pandemic.<\/p>\n<p>US crude futures jumped more than 6% on Wednesday after prices hit the lowest since early February a day before. Oil rallied in tandem with equities and was also boosted by a US inventory report that showed domestic fuel consumption at the highest in four months. Meanwhile, rescue teams are working to dislodge a giant vessel from the Suez Canal in order to get traffic moving again in one of the world\u2019s most important waterways.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil surged the most since November alongside a broader market rally and as signs of stronger gasoline demand in the U.S. eased concerns around the global economic recovery from the pandemic. US crude futures jumped more than 6% on Wednesday after prices hit the lowest since early February a day before. Oil rallied in tandem with equities and was also boosted by a US inventory report that showed domestic fuel consumption at the highest in four months. Meanwhile, rescue teams are working to dislodge a giant vessel from the Suez Canal in order to get traffic moving again in one [&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":[139,130,187],"tags":[],"class_list":["post-406971","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\/406971","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=406971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}