{"id":387109,"date":"2020-12-01T11:23:45","date_gmt":"2020-12-01T05:53:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387109"},"modified":"2020-12-01T11:23:45","modified_gmt":"2020-12-01T05:53:45","slug":"oil-prices-seen-remaining-subdued-into-2021","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-seen-remaining-subdued-into-2021\/","title":{"rendered":"Oil prices seen remaining subdued into 2021"},"content":{"rendered":"<p>Oil prices are expected to remain subdued into the new year, with murky prospects for the global economy and supply of crude weighing on the outlook.<\/p>\n<p>Futures for West Texas Intermediate, the U.S. benchmark for oil, will likely be about $43.25 a barrel in the first quarter, according to a survey of 10 investment banks, suggesting the market will remain within a narrow band. WTI futures slid 0.4% to $45.53 a barrel Friday.<\/p>\n<p>Next week\u2019s meeting of the Organization of the Petroleum Exporting Countries and its partners, at which the alliance will decide on production levels from January, will determine the direction of the market in the short term, analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are expected to remain subdued into the new year, with murky prospects for the global economy and supply of crude weighing on the outlook. Futures for West Texas Intermediate, the U.S. benchmark for oil, will likely be about $43.25 a barrel in the first quarter, according to a survey of 10 investment banks, suggesting the market will remain within a narrow band. WTI futures slid 0.4% to $45.53 a barrel Friday. Next week\u2019s meeting of the Organization of the Petroleum Exporting Countries and its partners, at which the alliance will decide on production levels from January, will determine [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-387109","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387109","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=387109"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387109\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}