{"id":431737,"date":"2021-08-24T08:52:05","date_gmt":"2021-08-24T03:22:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431737"},"modified":"2021-08-24T09:38:55","modified_gmt":"2021-08-24T04:08:55","slug":"oil-prices-jump-5-after-7-days-of-losses-boosted-by-weaker-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-jump-5-after-7-days-of-losses-boosted-by-weaker-dollar\/","title":{"rendered":"Oil prices jump 5% after 7 days of losses, boosted by weaker dollar"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude futures after seven days of declines. <\/p>\n<p>Brent crude climbed $3.64, or 5.6%, to $68.82 a barrel by 12:08 p.m. ET (1608 GMT) after touching its lowest since May 21 at $64.60 during the session.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude for October delivery rose $3.61, or 5.8%, to $65.75.<\/p>\n<p>Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%. <\/p>\n<p>But a drop in the U.S. dollar provided a boost on Monday, making crude less expensive for holders of other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude futures after seven days of declines. Brent crude climbed $3.64, or 5.6%, to $68.82 a barrel by 12:08 p.m. ET (1608 GMT) after touching its lowest since May 21 at $64.60 during the session. U.S. West Texas Intermediate (WTI) crude for October delivery rose $3.61, or 5.8%, to $65.75. Both benchmarks marked their biggest week of losses in more than nine months last week, with Brent sliding about 8% and WTI about 9%. But a drop in the [&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-431737","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\/431737","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=431737"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431737\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}