{"id":444468,"date":"2021-10-23T08:59:43","date_gmt":"2021-10-23T03:29:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444468"},"modified":"2021-10-23T09:34:11","modified_gmt":"2021-10-23T04:04:11","slug":"oil-rises-above-85-a-barrel-brent-set-for-seventh-weekly-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-above-85-a-barrel-brent-set-for-seventh-weekly-gain\/","title":{"rendered":"Oil rises above $85 a barrel, Brent set for seventh weekly gain"},"content":{"rendered":"<p>Oil prices stayed near multi-year highs on Friday, erasing some earlier losses in Asian trading hours, with concerns about tight supply and stockpiles fuelling bullish sentiment.<\/p>\n<p>Brent crude futures rose 92 cents, or 1%, to $85.53 a barrel at 1335 GMT, after Thursday&#8217;s three-year high of $86.10. The benchmark is set for its seventh weekly gain.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures gained $1.05, or 1.3%, to reach $83.55 a barrel, not far off a seven-year high hit this week. The grade is heading for its ninth weekly rise.<\/p>\n<p>Prices have been boosted by worries about coal and gas shortages in China, India and Europe, spurring some power generators to switch from gas to fuel oil and diesel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices stayed near multi-year highs on Friday, erasing some earlier losses in Asian trading hours, with concerns about tight supply and stockpiles fuelling bullish sentiment. Brent crude futures rose 92 cents, or 1%, to $85.53 a barrel at 1335 GMT, after Thursday&#8217;s three-year high of $86.10. The benchmark is set for its seventh weekly gain. U.S. West Texas Intermediate (WTI) crude futures gained $1.05, or 1.3%, to reach $83.55 a barrel, not far off a seven-year high hit this week. The grade is heading for its ninth weekly rise. Prices have been boosted by worries about coal and gas [&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-444468","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\/444468","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=444468"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444468\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}