{"id":497635,"date":"2022-06-10T09:17:21","date_gmt":"2022-06-10T03:47:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=497635"},"modified":"2022-06-10T09:38:41","modified_gmt":"2022-06-10T04:08:41","slug":"oil-extends-gains-on-robust-us-demand-china-optimism-as-covid-cases-dip","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-gains-on-robust-us-demand-china-optimism-as-covid-cases-dip\/","title":{"rendered":"Oil extends gains on robust US demand, China optimism as Covid cases dip"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices extended gains on Thursday, underpinned by robust demand in the world&#8217;s top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed.<\/p>\n<p>Brent crude futures for August rose 50 cents, or 0.4%, to $124.08 a barrel by 0153 GMT, while U.S. West Texas Intermediate crude for July was at $122.49 a barrel, up 38 cents, or 0.3%.<\/p>\n<p>Both benchmarks closed Wednesday at their highest since March 8, matching levels seen in 2008. <\/p>\n<p>The United States posted a record fall in strategic crude reserves even as commercial stocks rose last week, data from the Energy Information Administration (EIA) showed on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices extended gains on Thursday, underpinned by robust demand in the world&#8217;s top consumer United States while demand is expected to rebound in China as COVID-19 curbs across major cities are relaxed. Brent crude futures for August rose 50 cents, or 0.4%, to $124.08 a barrel by 0153 GMT, while U.S. West Texas Intermediate crude for July was at $122.49 a barrel, up 38 cents, or 0.3%. Both benchmarks closed Wednesday at their highest since March 8, matching levels seen in 2008. The United States posted a record fall in strategic crude reserves even as commercial [&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-497635","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\/497635","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=497635"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497635\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=497635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=497635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=497635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}