{"id":410364,"date":"2021-04-12T11:37:19","date_gmt":"2021-04-12T06:07:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410364"},"modified":"2021-04-12T13:23:49","modified_gmt":"2021-04-12T07:53:49","slug":"oil-prices-climb-on-favourable-outlook-for-us-fuel-demand-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-on-favourable-outlook-for-us-fuel-demand-2\/","title":{"rendered":"Oil prices climb on favourable outlook for US fuel demand"},"content":{"rendered":"<p>Oil rose on Monday amid hopes that fuel demand is picking up in the United States as the summer driving season approaches and the rollout of COVID-19 vaccinations there accelerates, though increasing case numbers in other countries are set to cap gains.<\/p>\n<p>Brent was up 25 cents, or 0.4%, at $63.20 a barrel by 0155 GMT. U.S. crude gained 17 cents, or 0.3%, to $59.49 a barrel.<\/p>\n<p>Prices have changed little since a period of volatile trading ended with the close of trading last Monday. <\/p>\n<p>&#8220;An unsettling calm has enveloped oil markets recently as Brent remains anchored around $63 and traders adopt a wait=and-see range-trade mentality,&#8221; said Stephen Innes, chief market strategist at Axi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose on Monday amid hopes that fuel demand is picking up in the United States as the summer driving season approaches and the rollout of COVID-19 vaccinations there accelerates, though increasing case numbers in other countries are set to cap gains. Brent was up 25 cents, or 0.4%, at $63.20 a barrel by 0155 GMT. U.S. crude gained 17 cents, or 0.3%, to $59.49 a barrel. Prices have changed little since a period of volatile trading ended with the close of trading last Monday. &#8220;An unsettling calm has enveloped oil markets recently as Brent remains anchored around $63 and [&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-410364","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\/410364","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=410364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}