{"id":448816,"date":"2021-11-10T09:06:49","date_gmt":"2021-11-10T03:36:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=448816"},"modified":"2021-11-10T09:40:57","modified_gmt":"2021-11-10T04:10:57","slug":"oil-edges-up-on-rising-demand-forecasts-ahead-of-us-price-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-up-on-rising-demand-forecasts-ahead-of-us-price-outlook\/","title":{"rendered":"Oil edges up on rising demand forecasts, ahead of US price outlook"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices edged up on Tuesday as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight.<\/p>\n<p>The rally came ahead of the U.S. Energy Information Administration&#8217;s (EIA) release of oil and gasoline price predictions in its Short Term Energy Outlook (STEO), which U.S. President Joe Biden&#8217;s administration has said it would use to determine whether to release oil from the nation&#8217;s Strategic Petroleum Reserve (SPR).<\/p>\n<p>Brent futures rose 61 cents, or 0.7%, to $84.04 a barrel by 11:16 a.m. EST (1616 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.04, or 1.3%, to $82.97.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices edged up on Tuesday as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight. The rally came ahead of the U.S. Energy Information Administration&#8217;s (EIA) release of oil and gasoline price predictions in its Short Term Energy Outlook (STEO), which U.S. President Joe Biden&#8217;s administration has said it would use to determine whether to release oil from the nation&#8217;s Strategic Petroleum Reserve (SPR). Brent futures rose 61 cents, or 0.7%, to $84.04 a barrel by 11:16 a.m. EST (1616 GMT), while U.S. [&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-448816","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\/448816","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=448816"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448816\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=448816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=448816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=448816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}