{"id":407465,"date":"2021-03-27T09:22:41","date_gmt":"2021-03-27T03:52:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407465"},"modified":"2021-03-27T10:28:22","modified_gmt":"2021-03-27T04:58:22","slug":"oil-jumps-4-on-fears-suez-canal-blockage-may-last-weeks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-4-on-fears-suez-canal-blockage-may-last-weeks\/","title":{"rendered":"Oil jumps 4% on fears Suez Canal blockage may last weeks"},"content":{"rendered":"<p>NEW YORK: Oil prices rose more than 4% on Friday, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products.<\/p>\n<p>Prices, however, were still headed for a third consecutive weekly loss, with the outlook for demand dented by fresh coronavirus lockdowns in Europe.<\/p>\n<p>Brent crude rose $2.37, or 3.8%, to $64.32 a barrel at 10:57 a.m. EDT (1457 GMT), after dropping 3.8% on Thursday.<\/p>\n<p>US West Texas Intermediate (WTI) crude rose $2.38, or 4.1%, to $60.94 a barrel, having tumbled 4.3% a day earlier. <\/p>\n<p>Brent was on track to end the week down 0.2%, and WTI down 0.6%, their third weekly loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices rose more than 4% on Friday, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products. Prices, however, were still headed for a third consecutive weekly loss, with the outlook for demand dented by fresh coronavirus lockdowns in Europe. Brent crude rose $2.37, or 3.8%, to $64.32 a barrel at 10:57 a.m. EDT (1457 GMT), after dropping 3.8% on Thursday. US West Texas Intermediate (WTI) crude rose $2.38, or 4.1%, to $60.94 a barrel, having tumbled 4.3% a day earlier. [&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":[130,191,136],"tags":[],"class_list":["post-407465","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\/407465","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=407465"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407465\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}