{"id":387669,"date":"2020-12-04T08:49:59","date_gmt":"2020-12-04T03:19:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387669"},"modified":"2020-12-04T09:32:24","modified_gmt":"2020-12-04T04:02:24","slug":"oil-prices-hold-steady-as-opec-works-on-compromise-on-production-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hold-steady-as-opec-works-on-compromise-on-production-deal\/","title":{"rendered":"Oil prices hold steady as OPEC+ works on compromise on production deal"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices held steady on Thursday as the market waited for direction from the OPEC+ producers, including Saudi Arabia and Russia, that are debating whether to increase output from January. <\/p>\n<p>Brent futures rose 16 cents, or 0.3%, to $48.41 a barrel by 11:10 a.m. EST (1610 GMT), while U.S. West Texas Intermediate (WTI) crude rose 6 cents, or 0.1%, to $45.34. <\/p>\n<p>The premiums of front-month Brent and WTI over the same month in 2022, meanwhile, reached their highest since February 2020. <\/p>\n<p>&#8220;The market is cautious. Oil prices lost some gains this week as negotiations within the OPEC+ group did not prove to be as smooth as expected,&#8221; said Rystad Energy&#8217;s head of oil markets Bjornar Tonhaugen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices held steady on Thursday as the market waited for direction from the OPEC+ producers, including Saudi Arabia and Russia, that are debating whether to increase output from January. Brent futures rose 16 cents, or 0.3%, to $48.41 a barrel by 11:10 a.m. EST (1610 GMT), while U.S. West Texas Intermediate (WTI) crude rose 6 cents, or 0.1%, to $45.34. The premiums of front-month Brent and WTI over the same month in 2022, meanwhile, reached their highest since February 2020. &#8220;The market is cautious. Oil prices lost some gains this week as negotiations within the [&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-387669","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\/387669","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=387669"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387669\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}