{"id":387160,"date":"2020-12-01T11:26:59","date_gmt":"2020-12-01T05:56:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387160"},"modified":"2020-12-01T12:55:20","modified_gmt":"2020-12-01T07:25:20","slug":"oil-prices-fall-as-opec-members-debate-2021-output-policy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-opec-members-debate-2021-output-policy\/","title":{"rendered":"Oil prices fall as OPEC+ members debate 2021 output policy"},"content":{"rendered":"<p>Oil prices tumbled on Monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise more than a fifth in November.<\/p>\n<p>Brent crude for January delivery, a contract that expires on Monday, dropped 90 cents, or 1.9%, to $47.28 a barrel by 0944 GMT. The more actively traded February Brent contract was down 89 cents at $47.36.<\/p>\n<p>U.S. West Texas Intermediate crude for January fell 70 cents, or 1.5%, to $44.83 a barrel.<\/p>\n<p>&#8220;Last week&#8217;s optimism is taking a hit this morning and longs are edging towards the exit ahead of the OPEC+ talks,&#8221; said oil broker PVM&#8217;s Tamas Varga, after OPEC+ failed to agree on policy in informal talks ahead of Monday and Tuesday&#8217;s formal meetings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices tumbled on Monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise more than a fifth in November. Brent crude for January delivery, a contract that expires on Monday, dropped 90 cents, or 1.9%, to $47.28 a barrel by 0944 GMT. The more actively traded February Brent contract was down 89 cents at $47.36. U.S. West Texas Intermediate crude for January fell 70 cents, or 1.5%, to $44.83 a barrel. &#8220;Last week&#8217;s optimism is taking a hit this morning and [&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":[130,191,136],"tags":[],"class_list":["post-387160","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387160","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=387160"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387160\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}