{"id":411789,"date":"2021-04-24T08:51:58","date_gmt":"2021-04-24T03:21:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411789"},"modified":"2021-04-24T09:29:34","modified_gmt":"2021-04-24T03:59:34","slug":"oil-climbs-on-hopes-for-demand-recovery-indias-virus-surge-caps-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-on-hopes-for-demand-recovery-indias-virus-surge-caps-gains\/","title":{"rendered":"Oil climbs on hopes for demand recovery, India&#8217;s virus surge caps gains"},"content":{"rendered":"<p>Oil prices climbed on Friday, buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India&#8217;s surging second wave of Covid-19 cases limited gains.<\/p>\n<p>Brent crude futures rose 42 cents, or 0.6 per cent, to $65.82 a barrel at 12:15 IST, after rising 8 cents on Thursday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.8 per cent, to $61.94 a barrel, also after an 8 cent rise on Thursday. <\/p>\n<p>&#8220;Oil prices rebounded for a second day as a lower-than-expected US jobless claims data buoyed the energy demand outlook in North America,&#8221; said Margaret Yang, a strategist at Singapore-based DailyFX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Friday, buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India&#8217;s surging second wave of Covid-19 cases limited gains. Brent crude futures rose 42 cents, or 0.6 per cent, to $65.82 a barrel at 12:15 IST, after rising 8 cents on Thursday. US West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.8 per cent, to $61.94 a barrel, also after an 8 cent rise on Thursday. &#8220;Oil prices rebounded for a second day as a lower-than-expected US jobless claims data buoyed the energy demand outlook in [&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-411789","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\/411789","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=411789"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411789\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}