{"id":412699,"date":"2021-04-29T10:56:04","date_gmt":"2021-04-29T05:26:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412699"},"modified":"2021-04-29T12:11:02","modified_gmt":"2021-04-29T06:41:02","slug":"oil-prices-steady-as-rising-demand-outlook-tempered-by-covid-19-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-as-rising-demand-outlook-tempered-by-covid-19-worries\/","title":{"rendered":"Oil prices steady as rising demand outlook tempered by Covid-19 worries"},"content":{"rendered":"<p>Oil prices were steady on Wednesday as support coming from forecasts of a recovery in global fuel demand was tempered by a surge in India&#8217;s coronavirus cases and rising US crude inventories. <\/p>\n<p>Brent crude futures edged down 7 cents, or 0.11%, to $66.35 a barrel at 0941 GMT, after rising 1.2% on Tuesday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures were up 1 cent, or less than 0.1%, to $62.95 a barrel, after gaining 1.7% in the previous session.<\/p>\n<p>An OPEC+ decision to stick to plans for a phased easing of oil production restrictions from May to July underscored the group&#8217;s confidence in a recovery in global demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady on Wednesday as support coming from forecasts of a recovery in global fuel demand was tempered by a surge in India&#8217;s coronavirus cases and rising US crude inventories. Brent crude futures edged down 7 cents, or 0.11%, to $66.35 a barrel at 0941 GMT, after rising 1.2% on Tuesday. US West Texas Intermediate (WTI) crude futures were up 1 cent, or less than 0.1%, to $62.95 a barrel, after gaining 1.7% in the previous session. An OPEC+ decision to stick to plans for a phased easing of oil production restrictions from May to July underscored the [&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":[141,130,183],"tags":[],"class_list":["post-412699","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412699","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=412699"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412699\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}