{"id":387050,"date":"2020-12-01T08:39:55","date_gmt":"2020-12-01T03:09:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387050"},"modified":"2020-12-01T09:02:59","modified_gmt":"2020-12-01T03:32:59","slug":"oil-prices-down-1-as-opec-debates-to-extend-deep-output-cuts-in-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-down-1-as-opec-debates-to-extend-deep-output-cuts-in-2021\/","title":{"rendered":"Oil prices down 1% as OPEC debates to extend deep output cuts in 2021"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil fell about 1% on Monday on uncertainty about whether OPEC+ would agree to extend its deep output cuts at talks this week, but COVID-19 vaccine hopes kept crude benchmarks on track to rise by more than 25% in November. <\/p>\n<p>Brent crude for January delivery, which expires on Monday, dropped 47 cents, or 1%, to $47.71 a barrel by 11:15 a.m. EST (1615 GMT). The more actively traded February Brent contract was down 48 cents at $47.77. <\/p>\n<p>U.S. West Texas Intermediate crude for January fell 35 cents, or 0.8%, to $45.18 a barrel. <\/p>\n<p>Oil prices have climbed this month, on track for their biggest monthly gains since May, as vaccine developments raise hopes for an economic recovery that could boost fuel demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil fell about 1% on Monday on uncertainty about whether OPEC+ would agree to extend its deep output cuts at talks this week, but COVID-19 vaccine hopes kept crude benchmarks on track to rise by more than 25% in November. Brent crude for January delivery, which expires on Monday, dropped 47 cents, or 1%, to $47.71 a barrel by 11:15 a.m. EST (1615 GMT). The more actively traded February Brent contract was down 48 cents at $47.77. U.S. West Texas Intermediate crude for January fell 35 cents, or 0.8%, to $45.18 a barrel. Oil prices have [&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-387050","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\/387050","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=387050"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387050\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}