{"id":438205,"date":"2021-09-25T10:45:29","date_gmt":"2021-09-25T05:15:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438205"},"modified":"2021-09-25T11:35:40","modified_gmt":"2021-09-25T06:05:40","slug":"oil-rises-from-highest-since-2018-with-global-markets-tightening","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-from-highest-since-2018-with-global-markets-tightening\/","title":{"rendered":"Oil rises from highest since 2018 with global markets tightening"},"content":{"rendered":"<p>Oil held gains near the highest since 2018 amid a global energy crunch that\u2019s set to increase demand for crude, while stockpiles are falling from the U.S. to China.<\/p>\n<p>Futures in London traded above $77 a barrel, heading for a third straight weekly increase. Global onshore crude inventories plunged by almost 21 million barrels last week, led by China, according to data analytics firm Kayrros, while U.S. stocks are near a three-year low. The surge in natural gas prices is expected to force some consumers to switch to oil, tightening the market further ahead of the northern hemisphere winter.<\/p>\n<p>China on Friday sold oil to Hengli Petrochemical Co. and a unit of PetroChina Co. in the first auction of crude from its strategic reserves, said traders with knowledge of the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil held gains near the highest since 2018 amid a global energy crunch that\u2019s set to increase demand for crude, while stockpiles are falling from the U.S. to China. Futures in London traded above $77 a barrel, heading for a third straight weekly increase. Global onshore crude inventories plunged by almost 21 million barrels last week, led by China, according to data analytics firm Kayrros, while U.S. stocks are near a three-year low. The surge in natural gas prices is expected to force some consumers to switch to oil, tightening the market further ahead of the northern hemisphere winter. China [&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-438205","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\/438205","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=438205"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438205\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}