{"id":423230,"date":"2021-06-30T08:50:43","date_gmt":"2021-06-30T03:20:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423230"},"modified":"2021-06-30T09:30:13","modified_gmt":"2021-06-30T04:00:13","slug":"oil-rises-as-opec-fuels-demand-hopes-amid-new-covid-19-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-as-opec-fuels-demand-hopes-amid-new-covid-19-worries\/","title":{"rendered":"Oil rises as OPEC fuels demand hopes amid new Covid-19 worries"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices rose on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC&#8217;s secretary general, overshadowed travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus. <\/p>\n<p>Brent crude futures were up 33 cents, or 0.4%, at $75.01 a barrel by 11:49 a.m. EDT (1649 GMT), having slumped by 2% on Monday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 28 cents, or 0.4%, to $73.19 after a 1.5% retreat on Monday.<\/p>\n<p>Demand in 2021 was expected to grow by 6 million barrels per day (bpd), with 5 million bpd of that in the second half, OPEC Secretary General Mohammad Barkindo told Tuesday&#8217;s meeting of the Joint Technical Committee of OPEC+, an alliance made up of OPEC states, Russia and their allies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices rose on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC&#8217;s secretary general, overshadowed travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus. Brent crude futures were up 33 cents, or 0.4%, at $75.01 a barrel by 11:49 a.m. EDT (1649 GMT), having slumped by 2% on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 28 cents, or 0.4%, to $73.19 after a 1.5% retreat on Monday. Demand in 2021 was expected to grow by 6 million barrels per day (bpd), with [&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-423230","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\/423230","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=423230"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423230\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}