{"id":412810,"date":"2021-04-30T08:40:25","date_gmt":"2021-04-30T03:10:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412810"},"modified":"2021-04-30T09:16:45","modified_gmt":"2021-04-30T03:46:45","slug":"oil-prices-increase-bullish-demand-outlook-offsets-india-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-increase-bullish-demand-outlook-offsets-india-concerns\/","title":{"rendered":"Oil prices increase, bullish demand outlook offsets India concerns"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices extended gains on Thursday after rising 1% in the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan. <\/p>\n<p>Brent rose 89 cents, or 1.3%, to $68.16 a barrel by 1115 GMT, and U.S. West Texas Intermediate crude was up 83 cents, or 1.3%, at $64.69 a barrel. <\/p>\n<p>This is the third consecutive day that both contracts have climbed. <\/p>\n<p>&#8220;The performance of the past few days demonstrates the unbroken faith of the market in healthy economic and demand recovery,&#8221; Tamas Varga, analyst at PVM Oil associates said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices extended gains on Thursday after rising 1% in the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan. Brent rose 89 cents, or 1.3%, to $68.16 a barrel by 1115 GMT, and U.S. West Texas Intermediate crude was up 83 cents, or 1.3%, at $64.69 a barrel. This is the third consecutive day that both contracts have climbed. &#8220;The performance of the past few days demonstrates the unbroken faith of the market in healthy economic and demand recovery,&#8221; Tamas Varga, analyst at [&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":[135,130,169],"tags":[],"class_list":["post-412810","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412810","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=412810"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412810\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}