{"id":420361,"date":"2021-06-15T08:52:42","date_gmt":"2021-06-15T03:22:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420361"},"modified":"2021-06-15T09:30:16","modified_gmt":"2021-06-15T04:00:16","slug":"oil-prices-extend-3-week-gains-as-demand-outlook-improves-supplies-tighten","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-extend-3-week-gains-as-demand-outlook-improves-supplies-tighten\/","title":{"rendered":"Oil prices extend 3-week gains as demand outlook improves, supplies tighten"},"content":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along with tightness in supply. <\/p>\n<p>Brent crude was up 33 cents, or 0.5%, at $73.02 by 0455 GMT. It earlier rose to $73.12, the highest since May 2019, having gained 1.1% last week.<\/p>\n<p>U.S. West Texas Intermediate gained 31 cents, or 0.4%, to stand at $71.22 a barrel, earlier reaching $71.32, the highest since October 2018. The contract rose 1.9% on the week.<\/p>\n<p>Motor vehicle traffic is returning to pre-pandemic levels in North America and much of Europe, and more planes are in the air as anti-coronavirus lockdowns and other restrictions are being eased, driving three weeks of increases for the oil benchmarks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along with tightness in supply. Brent crude was up 33 cents, or 0.5%, at $73.02 by 0455 GMT. It earlier rose to $73.12, the highest since May 2019, having gained 1.1% last week. U.S. West Texas Intermediate gained 31 cents, or 0.4%, to stand at $71.22 a barrel, earlier reaching $71.32, the highest since October 2018. The contract rose 1.9% on the week. Motor vehicle traffic is returning [&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-420361","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\/420361","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=420361"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420361\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}