{"id":420048,"date":"2021-06-14T08:34:43","date_gmt":"2021-06-14T03:04:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420048"},"modified":"2021-06-14T08:51:15","modified_gmt":"2021-06-14T03:21:15","slug":"oil-prices-retreat-but-heads-for-third-weekly-rise-on-demand-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-retreat-but-heads-for-third-weekly-rise-on-demand-recovery\/","title":{"rendered":"Oil prices retreat, but heads for third weekly rise on demand recovery"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. <\/p>\n<p>Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures slipped 9 cents, or 0.13%, to $70.20 a barrel, after climbing 0.5% on Thursday to its highest close since October 2018.<\/p>\n<p>Brent is set for a weekly rise of 0.7% while WTI is set to gain 0.8%.<\/p>\n<p>Saudi Arabia, the world&#8217;s top oil exporter, will supply full volumes of July-loading crude to its Asian customers, Reuters reported on Friday citing sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States as rising vaccination rates lead to an easing of pandemic curbs. Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday. U.S. West Texas Intermediate (WTI) crude futures slipped 9 cents, or 0.13%, to $70.20 a barrel, after climbing 0.5% on Thursday to its highest close since October 2018. Brent is set for a [&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-420048","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\/420048","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=420048"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420048\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}