{"id":464898,"date":"2022-01-31T08:42:51","date_gmt":"2022-01-31T03:12:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=464898"},"modified":"2022-01-31T09:03:04","modified_gmt":"2022-01-31T03:33:04","slug":"oil-rises-for-sixth-week-as-growing-chorus-predicts-100-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-for-sixth-week-as-growing-chorus-predicts-100-price\/","title":{"rendered":"Oil rises for sixth week as growing chorus predicts $100 price"},"content":{"rendered":"<p>Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022.<\/p>\n<p>West Texas Intermediate rose 2% for the week as robust demand tightened global markets. As supply remains constrained, a chorus of Wall Street banks and oil executives are forecasting a return to $100 oil. Additionally, heightened geopolitical risks driven by fears that Russia may invade Ukraine have also contributed to crude\u2019s climb. <\/p>\n<p>\u201cDemand has been strong, supply has been struggling a little bit to keep up with that and that\u2019s reflected in the market,\u201d said Chevron Corp. Chief Executive Officer Mike Wirth on Bloomberg TV.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022. West Texas Intermediate rose 2% for the week as robust demand tightened global markets. As supply remains constrained, a chorus of Wall Street banks and oil executives are forecasting a return to $100 oil. Additionally, heightened geopolitical risks driven by fears that Russia may invade Ukraine have also contributed to crude\u2019s climb. \u201cDemand has been strong, supply has been struggling a little bit to keep up with that and that\u2019s reflected in the market,\u201d said Chevron Corp. Chief [&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-464898","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\/464898","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=464898"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/464898\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=464898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=464898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=464898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}