{"id":442821,"date":"2021-10-16T09:21:58","date_gmt":"2021-10-16T03:51:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442821"},"modified":"2021-10-16T10:46:49","modified_gmt":"2021-10-16T05:16:49","slug":"oil-prices-rise-on-tight-supply-set-for-weekly-gain-of-more-than-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-tight-supply-set-for-weekly-gain-of-more-than-2\/","title":{"rendered":"Oil prices rise on tight supply, set for weekly gain of more than 2%"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices climbed on Friday, heading for gains of more than 2% for the week, on increasing signs of tight supply over the next few months as rocketing gas and coal prices stoke a switch to oil products.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 30 cents, or 0.4%, to $81.61 a barrel at 0156 GMT, adding to an 87 cent jump on Thursday. The contract was heading for a 3% gain on the week.<\/p>\n<p>Brent crude futures rose 28 cents, or 0.3%, to $84.28 a barrel, after picking up 82 cents in the previous session, leaving the contract set for a 2.3% rise for the week.<\/p>\n<p>Analysts pointed to a sharp drop in OECD oil stockpiles, to their lowest level since 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices climbed on Friday, heading for gains of more than 2% for the week, on increasing signs of tight supply over the next few months as rocketing gas and coal prices stoke a switch to oil products. U.S. West Texas Intermediate (WTI) crude futures rose 30 cents, or 0.4%, to $81.61 a barrel at 0156 GMT, adding to an 87 cent jump on Thursday. The contract was heading for a 3% gain on the week. Brent crude futures rose 28 cents, or 0.3%, to $84.28 a barrel, after picking up 82 cents in the previous session, [&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-442821","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\/442821","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=442821"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442821\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}