{"id":411215,"date":"2021-04-19T09:17:16","date_gmt":"2021-04-19T03:47:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411215"},"modified":"2021-04-19T11:02:42","modified_gmt":"2021-04-19T05:32:42","slug":"oil-nudges-down-but-secures-weekly-gain-on-recovery-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-nudges-down-but-secures-weekly-gain-on-recovery-hopes\/","title":{"rendered":"Oil nudges down but secures weekly gain on recovery hopes"},"content":{"rendered":"<p>NEW YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies.<\/p>\n<p>Brent crude settled down 17 cents, or 0.3%, at $66.77 a barrel. The global benchmark finished up 6% on the week after rising in the past four sessions.<\/p>\n<p>US West Texas Intermediate (WTI) crude settled down 33 cents, or 0.5%, at $63.13.<\/p>\n<p>China&#8217;s first-quarter gross domestic product jumped 18.3% year on year, official data showed. That followed a big increase in US retail sales and a drop in unemployment claims released on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies. Brent crude settled down 17 cents, or 0.3%, at $66.77 a barrel. The global benchmark finished up 6% on the week after rising in the past four sessions. US West Texas Intermediate (WTI) crude settled down 33 cents, or 0.5%, at $63.13. China&#8217;s first-quarter gross domestic product jumped 18.3% year on year, official data showed. That followed a big increase [&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-411215","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\/411215","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=411215"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411215\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}