{"id":417005,"date":"2021-05-27T08:49:57","date_gmt":"2021-05-27T03:19:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417005"},"modified":"2021-05-27T09:40:42","modified_gmt":"2021-05-27T04:10:42","slug":"oil-prices-steady-as-demand-optimism-offsets-worries-of-iranian-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-as-demand-optimism-offsets-worries-of-iranian-supply\/","title":{"rendered":"Oil prices steady as demand optimism offsets worries of Iranian supply"},"content":{"rendered":"<p>Oil was steady on Wednesday, trading in a narrow range, supported by optimism about improving U.S. fuel demand and a weak dollar, but with the prospect of a return of Iranian oil to markets putting pressure on prices.<\/p>\n<p>Brent rose 13 cents, or 0.2%, to $68.78 a barrel by 0928 GMT, and U.S. West Texas Intermediate (WTI) crude was down 5 cents, or 0.1%, at $66.02 a barrel. <\/p>\n<p>&#8220;Physical demand has been improving in both Europe and the United States as a slowdown in new COVID-19 cases has been pushing up mobility,&#8221; said ING analyst Warren Patterson.<\/p>\n<p>The northern hemisphere&#8217;s summer driving season and a lifting of coronavirus curbs have pushed up the demand. As a result, U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil was steady on Wednesday, trading in a narrow range, supported by optimism about improving U.S. fuel demand and a weak dollar, but with the prospect of a return of Iranian oil to markets putting pressure on prices. Brent rose 13 cents, or 0.2%, to $68.78 a barrel by 0928 GMT, and U.S. West Texas Intermediate (WTI) crude was down 5 cents, or 0.1%, at $66.02 a barrel. &#8220;Physical demand has been improving in both Europe and the United States as a slowdown in new COVID-19 cases has been pushing up mobility,&#8221; said ING analyst Warren Patterson. The northern hemisphere&#8217;s [&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-417005","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\/417005","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=417005"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417005\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}