{"id":420656,"date":"2021-06-16T08:48:26","date_gmt":"2021-06-16T03:18:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420656"},"modified":"2021-06-16T09:27:50","modified_gmt":"2021-06-16T03:57:50","slug":"oil-up-nearly-2-to-multi-year-highs-on-demand-expectations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-up-nearly-2-to-multi-year-highs-on-demand-expectations\/","title":{"rendered":"Oil up nearly 2% to multi-year highs on demand expectations"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices rose nearly 2% to their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021. <\/p>\n<p>Brent crude rose $1.13, or 1.6%, to settle at $73.99 a barrel. The global benchmark during the session hit $74.07 a barrel, its highest since April 2019.<\/p>\n<p>U.S. oil rose $1.24, or 1.8%, to settle at $72.12 a barrel. It hit a session high of $72.19 a barrel, its highest since October 2018.<\/p>\n<p>Boosting prices, the world&#8217;s biggest oil traders said on Tuesday they see oil prices staying above $70 a barrel with demand expected to return to pre-pandemic levels in the second half of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices rose nearly 2% to their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021. Brent crude rose $1.13, or 1.6%, to settle at $73.99 a barrel. The global benchmark during the session hit $74.07 a barrel, its highest since April 2019. U.S. oil rose $1.24, or 1.8%, to settle at $72.12 a barrel. It hit a session high of $72.19 a barrel, its highest since October 2018. Boosting prices, the world&#8217;s biggest oil traders said on Tuesday they see oil prices staying [&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-420656","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\/420656","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=420656"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420656\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}