{"id":412020,"date":"2021-04-26T09:44:37","date_gmt":"2021-04-26T04:14:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412020"},"modified":"2021-04-26T10:56:49","modified_gmt":"2021-04-26T05:26:49","slug":"oil-holds-gains-near-62-with-investors-assessing-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-gains-near-62-with-investors-assessing-demand-outlook\/","title":{"rendered":"Oil holds gains near $62 with investors assessing demand outlook"},"content":{"rendered":"<p>Oil was steady at the open of trading in Asia as investors assessed the outlook for demand ahead of a key OPEC+ meeting later this week. <\/p>\n<p>Futures in New York traded near $62 a barrel after rising 1.2% on Friday, the most in more than a week. While the US and China are recovering strongly from the pandemic, the market is facing near-term headwinds from a virus flare-up in India. That could pose a problem for the OPEC+ alliance, which have agreed to start adding more supply from May. <\/p>\n<p>Oil\u2019s robust start to the year faltered in mid-March as some regions started to see a virus resurgence, although prices are still up almost 30% in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil was steady at the open of trading in Asia as investors assessed the outlook for demand ahead of a key OPEC+ meeting later this week. Futures in New York traded near $62 a barrel after rising 1.2% on Friday, the most in more than a week. While the US and China are recovering strongly from the pandemic, the market is facing near-term headwinds from a virus flare-up in India. That could pose a problem for the OPEC+ alliance, which have agreed to start adding more supply from May. Oil\u2019s robust start to the year faltered in mid-March as some [&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":[139,130,187],"tags":[],"class_list":["post-412020","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412020","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=412020"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412020\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}