{"id":380916,"date":"2020-10-28T08:40:36","date_gmt":"2020-10-28T03:10:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380916"},"modified":"2020-10-28T09:18:47","modified_gmt":"2020-10-28T03:48:47","slug":"oil-prices-rise-towards-41-on-us-gulf-shutdowns-weak-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-towards-41-on-us-gulf-shutdowns-weak-outlook\/","title":{"rendered":"Oil prices rise towards $41 on US Gulf shutdowns, weak outlook"},"content":{"rendered":"<p>Oil rose on Tuesday towards $41 a barrel as oil companies shut down some US Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains. <\/p>\n<p>Companies including BP, Chevron and Equinor ASA evacuated rigs, and so far producers have shut 16%, or 293,656 barrels per day (bpd) of oil output due to Hurricane Zeta. <\/p>\n<p>Brent crude was up 20 cents, or 0.5%, at $40.66 per barrel by 1344 GMT. US oil gained 18 cents, or 0.5%, to $38.74. Both contracts fell more than 3% on Monday. <\/p>\n<p>&#8220;Whilst Hurricane Zeta could provide a price relief under the current circumstances, it will be very brief,&#8221; said Tamas Varga of oil broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose on Tuesday towards $41 a barrel as oil companies shut down some US Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains. Companies including BP, Chevron and Equinor ASA evacuated rigs, and so far producers have shut 16%, or 293,656 barrels per day (bpd) of oil output due to Hurricane Zeta. Brent crude was up 20 cents, or 0.5%, at $40.66 per barrel by 1344 GMT. US oil gained 18 cents, or 0.5%, to $38.74. Both contracts fell more than 3% on Monday. &#8220;Whilst Hurricane Zeta could provide [&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-380916","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\/380916","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=380916"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380916\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}