{"id":441674,"date":"2021-10-12T09:00:27","date_gmt":"2021-10-12T03:30:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441674"},"modified":"2021-10-12T09:54:48","modified_gmt":"2021-10-12T04:24:48","slug":"crude-oil-jumps-to-multi-year-highs-on-global-energy-crunch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-jumps-to-multi-year-highs-on-global-energy-crunch\/","title":{"rendered":"Crude oil jumps to multi-year highs on global energy crunch"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.<\/p>\n<p>Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT, its highest since October 2018.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude rose $1.71, or 2.2%, to $81.06 for its highest since late 2014.<\/p>\n<p>&#8220;Oil prices are likely to continue climbing in the short term,&#8221; said Commerzbank analyst Carsten Fritsch.<\/p>\n<p>Prices have risen as more vaccinated populations are brought out of coronavirus lockdowns, supporting a revival in economic activity, with Brent advancing for five weeks and U.S. crude for seven.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT, its highest since October 2018. U.S. West Texas Intermediate (WTI) crude rose $1.71, or 2.2%, to $81.06 for its highest since late 2014. &#8220;Oil prices are likely to continue climbing in the short term,&#8221; said Commerzbank analyst Carsten Fritsch. Prices have risen as more vaccinated populations are brought out of coronavirus lockdowns, supporting a [&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-441674","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\/441674","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=441674"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441674\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}