{"id":443232,"date":"2021-10-18T11:12:45","date_gmt":"2021-10-18T05:42:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=443232"},"modified":"2021-10-18T12:42:54","modified_gmt":"2021-10-18T07:12:54","slug":"oil-prices-climb-to-highest-in-years-as-covid-recovery-stoke-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-to-highest-in-years-as-covid-recovery-stoke-demand\/","title":{"rendered":"Oil prices climb to highest in years as Covid recovery stoke demand"},"content":{"rendered":"<p>SINGAPORE: Oil prices hit their highest in years on Monday as demand continues its recovery from the Covid-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. <\/p>\n<p>Brent crude oil futures rose 87 cents, or 1%, to $85.73 a barrel, the highest price since October 2018.<br \/>\nUS West Texas Intermediate (WTI) crude futures climbed $1.12, or 1.4%, to $83.40 a barrel, highest since October 2014. <\/p>\n<p>Both contracts rose by at least 3% last week. <\/p>\n<p>&#8220;Easing restrictions around the world are likely to help the recovery in fuel consumption,&#8221; analysts from ANZ bank said in a note on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices hit their highest in years on Monday as demand continues its recovery from the Covid-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures rose 87 cents, or 1%, to $85.73 a barrel, the highest price since October 2018. US West Texas Intermediate (WTI) crude futures climbed $1.12, or 1.4%, to $83.40 a barrel, highest since October 2014. Both contracts rose by at least 3% last week. &#8220;Easing restrictions around the world are likely to help the recovery in fuel consumption,&#8221; analysts [&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":[130,219,137],"tags":[],"class_list":["post-443232","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443232","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=443232"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443232\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=443232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=443232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=443232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}