{"id":456665,"date":"2021-12-17T09:09:20","date_gmt":"2021-12-17T03:39:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=456665"},"modified":"2021-12-17T09:56:57","modified_gmt":"2021-12-17T04:26:57","slug":"oil-rises-towards-75-as-us-demand-and-fed-outweigh-virus-concern","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-towards-75-as-us-demand-and-fed-outweigh-virus-concern\/","title":{"rendered":"Oil rises towards $75 as US demand and Fed outweigh virus concern"},"content":{"rendered":"<p>LONDON (Reuters) -Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally. <\/p>\n<p>Crude and other risk assets such as equities also got a boost after the U.S. Federal Reserve gave an upbeat economic outlook, which lifted investor spirits even as the Fed flagged a long-awaited end to its monetary stimulus. [MKTS\/GLOB] <\/p>\n<p>Brent crude oil rose by 62 cents, or 0.8%, to $74.50 a barrel by 0915 GMT, while U.S. West Texas Intermediate (WTI) crude gained by 65 cents, or 0.9%, to $71.52.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally. Crude and other risk assets such as equities also got a boost after the U.S. Federal Reserve gave an upbeat economic outlook, which lifted investor spirits even as the Fed flagged a long-awaited end to its monetary stimulus. [MKTS\/GLOB] Brent crude oil rose by 62 cents, or 0.8%, to $74.50 a barrel by 0915 GMT, while U.S. West Texas Intermediate (WTI) crude gained by 65 [&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-456665","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\/456665","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=456665"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/456665\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=456665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=456665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=456665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}