{"id":465654,"date":"2022-02-02T10:47:58","date_gmt":"2022-02-02T05:17:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465654"},"modified":"2022-02-02T12:01:23","modified_gmt":"2022-02-02T06:31:23","slug":"oil-edges-higher-on-tight-supply-and-post-pandemic-recovery-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-on-tight-supply-and-post-pandemic-recovery-2\/","title":{"rendered":"Oil edges higher on tight supply and post-pandemic recovery"},"content":{"rendered":"<p>Oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-pandemic recovery in fuel demand. <\/p>\n<p>Brent crude for April delivery was up 14 cents, or 0.2 per cent at $89.40 a barrel at 0150 GMT.<\/p>\n<p>The front-month contract for March delivery expired on Monday at $91.21 a barrel, up 1.3 per cent. <\/p>\n<p>US West Texas Intermediate crude rose 13 cents, or 0.2 per cent, to $88.28 a barrel, having gained 1.5 per cent in the previous day.<\/p>\n<p>The benchmarks hit their highest levels since October 2014 on Friday, at $91.70 and $88.84, respectively. They have gained about 17 per cent in January, the biggest monthly gain since February 2021,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-pandemic recovery in fuel demand. Brent crude for April delivery was up 14 cents, or 0.2 per cent at $89.40 a barrel at 0150 GMT. The front-month contract for March delivery expired on Monday at $91.21 a barrel, up 1.3 per cent. US West Texas Intermediate crude rose 13 cents, or 0.2 per cent, to $88.28 a barrel, having gained 1.5 per cent in the previous day. The [&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-465654","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\/465654","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=465654"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465654\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}