{"id":411683,"date":"2021-04-23T10:37:15","date_gmt":"2021-04-23T05:07:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411683"},"modified":"2021-04-23T11:50:50","modified_gmt":"2021-04-23T06:20:50","slug":"crude-oil-edges-higher-on-us-europe-demand-hopes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-edges-higher-on-us-europe-demand-hopes\/","title":{"rendered":"Crude oil edges higher on US, Europe demand hopes"},"content":{"rendered":"<p>MELBOURNE: Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India&#8217;s raging second wave of COVID-19 cases kept a lid on gains.<\/p>\n<p>Brent crude futures rose 21 cents, or 0.3%, to $65.61 a barrel at 0137 GMT, after climbing 8 cents on Thursday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures jumped 29 cents, or 0.5%, to $61.72 a barrel, also after an 8 cent gain on Thursday.<\/p>\n<p>&#8220;The market shrugged off last week&#8217;s (U.S. oil) inventory build, instead comforted by the continued improvement in gasoline demand,&#8221; ANZ analysts said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India&#8217;s raging second wave of COVID-19 cases kept a lid on gains. Brent crude futures rose 21 cents, or 0.3%, to $65.61 a barrel at 0137 GMT, after climbing 8 cents on Thursday. U.S. West Texas Intermediate (WTI) crude futures jumped 29 cents, or 0.5%, to $61.72 a barrel, also after an 8 cent gain on Thursday. &#8220;The market shrugged off last week&#8217;s (U.S. oil) inventory build, instead comforted by [&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-411683","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\/411683","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=411683"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411683\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}