{"id":441686,"date":"2021-10-12T09:06:35","date_gmt":"2021-10-12T03:36:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441686"},"modified":"2021-10-12T09:58:57","modified_gmt":"2021-10-12T04:28:57","slug":"surging-oil-prices-lift-material-energy-stocks-on-wall-street","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/surging-oil-prices-lift-material-energy-stocks-on-wall-street\/","title":{"rendered":"Surging oil prices lift material, energy stocks on Wall Street"},"content":{"rendered":"<p>Oil prices surged again on Monday to multi-year peaks, giving a fillip to materials and energy shares and helping U.S. stocks to reverse early declines as investors looked past stagflation risks for now.<\/p>\n<p>US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98.<\/p>\n<p>Higher vaccination rates against the coronavirus pandemic have supported a revival in economic activity, helping Brent prices to gain for five weeks and U.S. crude for seven.<\/p>\n<p>&#8220;Oil prices are likely to continue climbing in the short term,&#8221; said Commerzbank analyst Carsten Fritsch. [O\/R]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged again on Monday to multi-year peaks, giving a fillip to materials and energy shares and helping U.S. stocks to reverse early declines as investors looked past stagflation risks for now. US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98. Higher vaccination rates against the coronavirus pandemic have supported a revival in economic activity, helping Brent prices to gain for five weeks and U.S. crude for seven. &#8220;Oil prices are likely to continue climbing in the short term,&#8221; said Commerzbank analyst Carsten Fritsch. [O\/R]<\/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-441686","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\/441686","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=441686"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441686\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}