{"id":418005,"date":"2021-06-01T11:31:54","date_gmt":"2021-06-01T06:01:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418005"},"modified":"2021-06-01T12:58:21","modified_gmt":"2021-06-01T07:28:21","slug":"brent-rises-to-near-70-on-demand-prospects-opec-meet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-rises-to-near-70-on-demand-prospects-opec-meet\/","title":{"rendered":"Brent rises to near $70 on demand prospects, OPEC+ meet"},"content":{"rendered":"<p>Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world&#8217;s top oil consumer. <\/p>\n<p>Brent crude futures for August gained 56 cents, or 0.8 per cent, to $69.88 a barrel by 0125 GMT. U.S. West Texas Intermediate crude for July was at $67.33 a barrel, up $1.01, or 1.5 per cent from Friday&#8217;s close, with no settlement price for Monday due to a U.S. public holiday.<\/p>\n<p>&#8220;While there are concerns over tighter COVID-19 related restrictions across parts of Asia, the market appears to be more focused on the positive demand story from the U.S. and parts of Europe,&#8221; analysts from ING Economics said in a note on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world&#8217;s top oil consumer. Brent crude futures for August gained 56 cents, or 0.8 per cent, to $69.88 a barrel by 0125 GMT. U.S. West Texas Intermediate crude for July was at $67.33 a barrel, up $1.01, or 1.5 per cent from Friday&#8217;s close, with no settlement price for Monday due to a U.S. public holiday. &#8220;While there are concerns over tighter COVID-19 related restrictions across parts [&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-418005","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\/418005","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=418005"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418005\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}