{"id":459790,"date":"2022-01-01T11:38:08","date_gmt":"2022-01-01T06:08:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459790"},"modified":"2022-01-01T13:07:46","modified_gmt":"2022-01-01T07:37:46","slug":"oil-heads-for-biggest-gain-since-2016","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-heads-for-biggest-gain-since-2016\/","title":{"rendered":"Oil heads for biggest gain since 2016"},"content":{"rendered":"<p>Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the Covid-19 slump and producer restraint, even as infections surged to record highs around the world.<\/p>\n<p>Brent crude futures fell 93 cents, or 1.2 per cent, to $78.60 a barrel at 1413 GMT, while US West Texas Intermediate (WTI) crude futures dropped $1.05, or 1.4 per cent, to $75.94 a barrel. <\/p>\n<p>Brent is on track to end the year up about 52 per cent, its biggest gain since 2016, while WTI is heading for a 57 per cent gain, the strongest performance for the benchmark contract since 2009, when prices soared more than 70 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the Covid-19 slump and producer restraint, even as infections surged to record highs around the world. Brent crude futures fell 93 cents, or 1.2 per cent, to $78.60 a barrel at 1413 GMT, while US West Texas Intermediate (WTI) crude futures dropped $1.05, or 1.4 per cent, to $75.94 a barrel. Brent is on track to end the year up about 52 per cent, its biggest gain since 2016, while WTI is heading for a [&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":[130,215,148],"tags":[],"class_list":["post-459790","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459790","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=459790"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459790\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}