{"id":435511,"date":"2021-09-13T08:59:37","date_gmt":"2021-09-13T03:29:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435511"},"modified":"2021-09-13T10:30:19","modified_gmt":"2021-09-13T05:00:19","slug":"oil-climbs-to-one-week-high-on-us-supply-concerns-brent-crude-up-0-7","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-to-one-week-high-on-us-supply-concerns-brent-crude-up-0-7\/","title":{"rendered":"Oil climbs to one-week high on US supply concerns, Brent crude up 0.7%"},"content":{"rendered":"<p>Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over U.S. supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand.<\/p>\n<p>Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel. Both markets were at their highest since Sept. 3 earlier in the session. <\/p>\n<p>About three-quarters of the U.S. Gulf&#8217;s offshore oil production, or about 1.4 million barrels per day, has remained halted since late August &#8211; roughly equal to what OPEC member Nigeria produces.<\/p>\n<p>&#8220;To compound matters, more oil refineries in Louisiana have resumed operations, raising demand for crude oil,&#8221; ANZ analysts said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Monday to a one-week high in a second straight session of gains as concerns over U.S. supplies following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel. Both markets were at their highest since Sept. 3 earlier in the session. About three-quarters of the U.S. Gulf&#8217;s offshore oil production, or about 1.4 million barrels per day, has remained halted since late August &#8211; roughly [&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-435511","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\/435511","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=435511"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435511\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}