{"id":442125,"date":"2021-10-13T08:15:45","date_gmt":"2021-10-13T02:45:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442125"},"modified":"2021-10-13T08:42:06","modified_gmt":"2021-10-13T03:12:06","slug":"oil-prices-increase-for-fourth-day-amid-energy-crunch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-increase-for-fourth-day-amid-energy-crunch\/","title":{"rendered":"Oil prices increase for fourth day amid energy crunch"},"content":{"rendered":"<p>Oil prices reversed early losses to extend gains on Tuesday into a fourth day amid a rebound in global demand that is contributing to energy shortages in major economies.<\/p>\n<p>Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT, the highest in three years, after rising 1.5% on Monday.<\/p>\n<p>U.S. oil gained 13 cents or 0.2% to $80.65 a barrel, a seven-year high, having also gained 1.5% in the previous session.<\/p>\n<p>Crude oil is being &#8220;swept up in the broader rally across the energy sector,&#8221; said James Whistler, global head of energy derivatives at SSY in Singapore. &#8220;High gas and coal prices are raising the prospect of more switching to oil for power generation.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices reversed early losses to extend gains on Tuesday into a fourth day amid a rebound in global demand that is contributing to energy shortages in major economies. Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT, the highest in three years, after rising 1.5% on Monday. U.S. oil gained 13 cents or 0.2% to $80.65 a barrel, a seven-year high, having also gained 1.5% in the previous session. Crude oil is being &#8220;swept up in the broader rally across the energy sector,&#8221; said James Whistler, global head of energy derivatives at SSY [&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-442125","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\/442125","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=442125"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442125\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}