{"id":417596,"date":"2021-05-29T11:51:36","date_gmt":"2021-05-29T06:21:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417596"},"modified":"2021-05-29T12:55:55","modified_gmt":"2021-05-29T07:25:55","slug":"oil-prices-steady-as-iran-concerns-offset-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-as-iran-concerns-offset-demand-outlook\/","title":{"rendered":"Oil prices steady as Iran concerns offset demand outlook"},"content":{"rendered":"<p>Oil prices were little changed on Friday, with Brent holding near $70 a barrel as firm US economic data and expectations of a strong rebound in global demand offset concerns about more supply from Iran once sanctions are lifted. <\/p>\n<p>Brent crude was down 16 cents, 0.2%, to $69.30 a barrel by 0809 GMT, while US West Texas Intermediate crude was up 3 cents, or less than 0.1%, at $66.88 a barrel.<\/p>\n<p>&#8220;Boosted by good economic data and risk appetite among investors on the financial markets, Brent is making a renewed bid for the psychologically important $70 per barrel mark,&#8221; said Commerzbank analyst Eugen Weinberg. <\/p>\n<p>&#8220;Concerns about demand because of the pandemic are giving way to optimism in view of the rapid return of consumers,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed on Friday, with Brent holding near $70 a barrel as firm US economic data and expectations of a strong rebound in global demand offset concerns about more supply from Iran once sanctions are lifted. Brent crude was down 16 cents, 0.2%, to $69.30 a barrel by 0809 GMT, while US West Texas Intermediate crude was up 3 cents, or less than 0.1%, at $66.88 a barrel. &#8220;Boosted by good economic data and risk appetite among investors on the financial markets, Brent is making a renewed bid for the psychologically important $70 per barrel mark,&#8221; said [&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-417596","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\/417596","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=417596"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417596\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}