{"id":409539,"date":"2021-04-07T09:00:26","date_gmt":"2021-04-07T03:30:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409539"},"modified":"2021-04-07T11:17:03","modified_gmt":"2021-04-07T05:47:03","slug":"oil-rebounds-on-robust-economic-data-bargain-hunting","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rebounds-on-robust-economic-data-bargain-hunting\/","title":{"rendered":"Oil rebounds on robust economic data, bargain hunting"},"content":{"rendered":"<p>Oil prices rose on Tuesday as investors looked for bargains following the previous day&#8217;s plunge of more than 4% on rising output from OPEC+ while strong economic data from the United States and China brightened recovery prospects.<\/p>\n<p>Brent crude futures rose 38 cents, or 0.61%, to $62.53 a barrel at 0507 GMT, after falling 4.2% on Monday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.58%, to $58.99 barrel, after sliding 4.6% on Monday. <\/p>\n<p>Market sentiment was buoyed by a survey from the Institute for Supply Management (ISM) on Monday showing activity in the US services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the US economy last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday as investors looked for bargains following the previous day&#8217;s plunge of more than 4% on rising output from OPEC+ while strong economic data from the United States and China brightened recovery prospects. Brent crude futures rose 38 cents, or 0.61%, to $62.53 a barrel at 0507 GMT, after falling 4.2% on Monday. US West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.58%, to $58.99 barrel, after sliding 4.6% on Monday. Market sentiment was buoyed by a survey from the Institute for Supply Management (ISM) on Monday showing activity in the US services industry [&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-409539","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\/409539","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=409539"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409539\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}