{"id":419797,"date":"2021-06-11T08:42:21","date_gmt":"2021-06-11T03:12:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=419797"},"modified":"2021-06-11T09:25:33","modified_gmt":"2021-06-11T03:55:33","slug":"oil-prices-rebound-after-knock-from-united-states-driving-season-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rebound-after-knock-from-united-states-driving-season-data\/","title":{"rendered":"Oil prices rebound after knock from United States driving season data"},"content":{"rendered":"<p>Oil prices rose on Thursday a day after slipping on data indicating weak U.S. driving season fuel demand as investors eyed upcoming U.S. economic data.<\/p>\n<p>Brent crude oil futures were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019. <\/p>\n<p>U.S. West Texas Intermediate oil futures rose 11 cents, or 0.16%, to $70.07 a barrel, staying near its highest since Oct. 2018.<\/p>\n<p>&#8220;The market is recovering impressively from yesterday&#8217;s dismal weekly EIA report, the drop in weekly gasoline demand was particularly disappointing,&#8221; said Tamas Varga, analyst at PVM Oil Associates.<\/p>\n<p>&#8220;It will interesting to see whether the monthly OPEC report due out later will confirm last month&#8217;s upbeat demand assessment for the second half the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday a day after slipping on data indicating weak U.S. driving season fuel demand as investors eyed upcoming U.S. economic data. Brent crude oil futures were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019. U.S. West Texas Intermediate oil futures rose 11 cents, or 0.16%, to $70.07 a barrel, staying near its highest since Oct. 2018. &#8220;The market is recovering impressively from yesterday&#8217;s dismal weekly EIA report, the drop in weekly gasoline demand was particularly disappointing,&#8221; said Tamas Varga, analyst at [&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-419797","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\/419797","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=419797"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419797\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=419797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=419797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=419797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}