{"id":604668,"date":"2023-09-20T08:40:59","date_gmt":"2023-09-20T03:10:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=604668"},"modified":"2023-09-20T09:14:41","modified_gmt":"2023-09-20T03:44:41","slug":"crude-oil-rally-gathers-momentum-as-brent-pops-above-96-a-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-rally-gathers-momentum-as-brent-pops-above-96-a-barrel\/","title":{"rendered":"Crude oil rally gathers momentum as Brent pops above $96 a barrel"},"content":{"rendered":"<p>Oil surged to a 10-month high \u2014 extending a powerful rally that may rekindle inflation \u2014 as supply cuts from OPEC+ tightened the market, with Saudi Arabia\u2019s energy minister shying away from any change in course. <\/p>\n<p>Global benchmark Brent topped $96 a barrel for the first time since November before paring gains. The tighter market has ignited a flurry of predictions that $100 oil could soon return in a roster than runs from industry heavyweights such as Chevron chief executive officer Mike Wirth to traditional bears at Citigroup. The latest upswing has been marked by significant moves in timespreads, one of the market\u2019s most-keenly tracked metrics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil surged to a 10-month high \u2014 extending a powerful rally that may rekindle inflation \u2014 as supply cuts from OPEC+ tightened the market, with Saudi Arabia\u2019s energy minister shying away from any change in course. Global benchmark Brent topped $96 a barrel for the first time since November before paring gains. The tighter market has ignited a flurry of predictions that $100 oil could soon return in a roster than runs from industry heavyweights such as Chevron chief executive officer Mike Wirth to traditional bears at Citigroup. The latest upswing has been marked by significant moves in timespreads, one [&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-604668","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\/604668","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=604668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/604668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=604668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=604668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=604668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}