{"id":426842,"date":"2021-07-22T08:25:26","date_gmt":"2021-07-22T02:55:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426842"},"modified":"2021-07-22T09:37:33","modified_gmt":"2021-07-22T04:07:33","slug":"oil-surges-4-amid-better-risk-appetite-despite-weak-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-surges-4-amid-better-risk-appetite-despite-weak-demand-outlook\/","title":{"rendered":"Oil surges 4% amid better risk appetite despite weak demand outlook"},"content":{"rendered":"<p>Oil prices rose nearly 4 per cent on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising Covid 19 infections. <\/p>\n<p>Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST. US West Texas Intermediate (WTI) crude futures rose by $2.63, or 3.91 per cent, to $69.83 a barrel. <\/p>\n<p>\u201cOil &#8230; is appearing to have found support as risk appetite increases once again,\u201d Ricardo Evangelista, ActivTrades analyst said. <\/p>\n<p>\u201cThis support comes after the pronounced falls registered during the last few sessions, which were triggered by apprehension over the impact of the Delta variant &#8230;, as well as the agreement between Opec+ countries to increase production.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose nearly 4 per cent on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising Covid 19 infections. Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST. US West Texas Intermediate (WTI) crude futures rose by $2.63, or 3.91 per cent, to $69.83 a barrel. \u201cOil &#8230; is appearing to have found support as risk appetite increases once again,\u201d Ricardo Evangelista, ActivTrades analyst said. \u201cThis [&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-426842","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\/426842","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=426842"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426842\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}