{"id":412830,"date":"2021-04-30T09:09:14","date_gmt":"2021-04-30T03:39:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412830"},"modified":"2021-04-30T09:54:00","modified_gmt":"2021-04-30T04:24:00","slug":"oil-prices-slip-from-six-week-high-on-track-for-monthly-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-from-six-week-high-on-track-for-monthly-gains\/","title":{"rendered":"Oil prices slip from six-week high, on track for monthly gains"},"content":{"rendered":"<p>Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as economic recovery and bullish summer fuel demand outlook outweighed concerns of wider lockdowns in India and Brazil to curb Covid-19 pandemic. <\/p>\n<p>Brent crude fell 26 cents, or 0.4%, to $68.30 a barrel by 0041 GMT, the last day&#8217;s trading for the front-month June contract. US West Texas Intermediate crude for June was at $64.73 a barrel, down 28 cents, or 0.4%.<\/p>\n<p>Brent is on track to rise roughly 8% in April while WTI could see gains of nearly 10%. The increases in April will be the fifth monthly gains in six months as global demand has almost returned to pre-pandemic levels on the back of fiscal stimulus while production cuts from OPEC and their allies including Russia eased crude oil oversupply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as economic recovery and bullish summer fuel demand outlook outweighed concerns of wider lockdowns in India and Brazil to curb Covid-19 pandemic. Brent crude fell 26 cents, or 0.4%, to $68.30 a barrel by 0041 GMT, the last day&#8217;s trading for the front-month June contract. US West Texas Intermediate crude for June was at $64.73 a barrel, down 28 cents, or 0.4%. Brent is on track to rise roughly 8% in April while WTI could see gains of nearly 10%. The increases in April will [&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-412830","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\/412830","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=412830"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412830\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}