{"id":416853,"date":"2021-05-26T08:44:47","date_gmt":"2021-05-26T03:14:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416853"},"modified":"2021-05-26T09:09:18","modified_gmt":"2021-05-26T03:39:18","slug":"oil-steady-with-investors-focusing-on-possible-return-of-iranian-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-with-investors-focusing-on-possible-return-of-iranian-supply\/","title":{"rendered":"Oil steady with investors focusing on possible return of Iranian supply"},"content":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices were steady on Wednesday as concerns a possible resumption in Iranian supply would cause a glut were offset by hopes for stronger U.S. fuel demand after a drop in weekly inventory estimates by the American Petroleum Institute. <\/p>\n<p>Brent crude oil futures for July gained 5 cents, or 0.1%, to $68.70 a barrel by 0102 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $66.05 a barrel, down 2 cents. <\/p>\n<p>Both benchmarks edged higher on Tuesday, ending at their highest levels in a week, amid hopes for rising demand from the approach of the northern hemisphere&#8217;s summer driving season and lifting of coronavirus restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices were steady on Wednesday as concerns a possible resumption in Iranian supply would cause a glut were offset by hopes for stronger U.S. fuel demand after a drop in weekly inventory estimates by the American Petroleum Institute. Brent crude oil futures for July gained 5 cents, or 0.1%, to $68.70 a barrel by 0102 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $66.05 a barrel, down 2 cents. Both benchmarks edged higher on Tuesday, ending at their highest levels in a week, amid hopes for rising demand from the approach of [&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-416853","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\/416853","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=416853"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416853\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}