{"id":445303,"date":"2021-10-26T10:16:31","date_gmt":"2021-10-26T04:46:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445303"},"modified":"2021-10-26T11:20:26","modified_gmt":"2021-10-26T05:50:26","slug":"oil-prices-on-the-march-again-in-tight-market-us-crude-at-7-year-high","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-on-the-march-again-in-tight-market-us-crude-at-7-year-high\/","title":{"rendered":"Oil prices on the march again in tight market; US crude at 7-year high"},"content":{"rendered":"<p>Oil prices rose on Monday, extending pre-weekend gains, with US crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from coronavirus pandemic-induced slumps. <\/p>\n<p>Brent crude futures climbed 26 cents, or 0.3%, to $85.79 a barrel at 0048 GMT, following on from last Friday&#8217;s 1.1% gain. The contract was near a three-year high of $86.10, hit last Thursday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose 48 cents, or 0.6%, to $84.24 a barrel, after climbing 1.5% on Friday. It touched its highest since October 2014 &#8211; $84.28 &#8211; earlier in the session. <\/p>\n<p>&#8220;Bullish sentiment continues to support oil prices as global supply remains tight at a time when demand is recovering from the pandemic,&#8221; said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday, extending pre-weekend gains, with US crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from coronavirus pandemic-induced slumps. Brent crude futures climbed 26 cents, or 0.3%, to $85.79 a barrel at 0048 GMT, following on from last Friday&#8217;s 1.1% gain. The contract was near a three-year high of $86.10, hit last Thursday. US West Texas Intermediate (WTI) crude futures rose 48 cents, or 0.6%, to $84.24 a barrel, after climbing 1.5% on Friday. It touched its highest since October 2014 &#8211; $84.28 &#8211; earlier in the 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":[146,130,177],"tags":[],"class_list":["post-445303","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445303","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=445303"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445303\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}