{"id":445187,"date":"2021-10-26T08:40:02","date_gmt":"2021-10-26T03:10:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445187"},"modified":"2021-10-26T09:30:10","modified_gmt":"2021-10-26T04:00:10","slug":"crude-oil-prices-extend-gains-to-multi-year-highs-on-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-extend-gains-to-multi-year-highs-on-tight-supply\/","title":{"rendered":"Crude oil prices extend gains to multi-year highs on tight supply"},"content":{"rendered":"<p>Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps.<\/p>\n<p>Brent crude futures rose by 64 cents, or 0.8%, to $86.17 a barrel by 1105 GMT, following on from last Friday&#8217;s 1.1% gain. Earlier on Monday they touched $86.43, the highest price since October 2018.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 0.9%, to $84.51 a barrel after gaining 1.5% on Friday. They hit their highest since October 2014 at $84.76 earlier on Monday. <\/p>\n<p>Both benchmarks closed last week with slight gains despite rising numbers of coronavirus cases in the United Kingdom and Eastern Europe, signalling a potentially difficult winter ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps. Brent crude futures rose by 64 cents, or 0.8%, to $86.17 a barrel by 1105 GMT, following on from last Friday&#8217;s 1.1% gain. Earlier on Monday they touched $86.43, the highest price since October 2018. U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 0.9%, to $84.51 a barrel after gaining 1.5% on Friday. They hit their highest since October 2014 at $84.76 earlier on Monday. [&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-445187","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\/445187","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=445187"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445187\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}