{"id":442815,"date":"2021-10-16T09:18:05","date_gmt":"2021-10-16T03:48:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442815"},"modified":"2021-10-16T10:41:27","modified_gmt":"2021-10-16T05:11:27","slug":"oil-prices-climb-more-than-3-amid-robust-demand-and-tighter-supplies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-more-than-3-amid-robust-demand-and-tighter-supplies\/","title":{"rendered":"Oil prices climb more than 3% amid robust demand and tighter supplies"},"content":{"rendered":"<p>MELBOURNE (Reuters) -Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of robust demand and tighter supplies over the next few months as rocketing gas and coal prices stoke a switch to oil products.<\/p>\n<p>Brent crude futures touched their highest since October 2018, rising 84 cents, or 1%, to $84.84 a barrel by 0652 GMT. Front-month prices are set to climb for the sixth straight week, up 3% this week.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 74 cents, or 0.9%, to $82.05 a barrel, adding to an 87 cent jump on Thursday. The contract is heading for a 3.4% gain on the week, up for the eighth consecutive week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) -Oil prices climbed on Friday, heading for gains of more than 3% for the week, on increasing signs of robust demand and tighter supplies over the next few months as rocketing gas and coal prices stoke a switch to oil products. Brent crude futures touched their highest since October 2018, rising 84 cents, or 1%, to $84.84 a barrel by 0652 GMT. Front-month prices are set to climb for the sixth straight week, up 3% this week. U.S. West Texas Intermediate (WTI) crude futures rose 74 cents, or 0.9%, to $82.05 a barrel, adding to an 87 cent [&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-442815","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\/442815","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=442815"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442815\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}