{"id":417212,"date":"2021-05-28T08:55:21","date_gmt":"2021-05-28T03:25:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417212"},"modified":"2021-05-28T09:40:38","modified_gmt":"2021-05-28T04:10:38","slug":"oil-rallies-above-67-as-demand-optimism-outweighs-iran-supply-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rallies-above-67-as-demand-optimism-outweighs-iran-supply-concerns\/","title":{"rendered":"Oil rallies above $67 as demand optimism outweighs Iran supply concerns"},"content":{"rendered":"<p>Oil extended gains from the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed concern that Iranian supplies will jump should sanctions on official exports be lifted. <\/p>\n<p>West Texas Intermediate rose 0.5% in early Asian trading after settling at the highest finish since October 2018. With the U.S. economy recovering from the pandemic, more drivers taking to the roads, and stockpiles drawing, most-active prices in New York are on course for a sixth straight daily advance. <\/p>\n<p>That positive picture is being clouded, at least for now, by concerns that talks in Vienna between Tehran and world powers to revive a nuclear accord will pave the way for the lifting of U.S. sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil extended gains from the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed concern that Iranian supplies will jump should sanctions on official exports be lifted. West Texas Intermediate rose 0.5% in early Asian trading after settling at the highest finish since October 2018. With the U.S. economy recovering from the pandemic, more drivers taking to the roads, and stockpiles drawing, most-active prices in New York are on course for a sixth straight daily advance. That positive picture is being clouded, at least for now, by concerns that talks in Vienna between Tehran and [&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-417212","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\/417212","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=417212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}