{"id":393357,"date":"2021-01-05T08:41:24","date_gmt":"2021-01-05T03:11:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393357"},"modified":"2021-01-05T09:17:54","modified_gmt":"2021-01-05T03:47:54","slug":"oil-prices-touch-multi-month-highs-as-opec-expected-to-hold-output-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-touch-multi-month-highs-as-opec-expected-to-hold-output-2\/","title":{"rendered":"Oil prices touch multi-month highs as OPEC+ expected to hold output"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. <\/p>\n<p>Prices rose in line with broader financial markets with Brent crude futures reaching $53.17 a barrel, the highest since March 2020. U.S. West Texas Intermediate crude touched $49.71 a barrel, the highest since February 2020. <\/p>\n<p>March Brent crude futures were at $52.97 a barrel, up $1.17 or 2.3%, by 0617 GMT while February WTI crude futures rose $1, or 2.1%, to $49.52 a barrel. <\/p>\n<p>Broader macro momentum trends including a weaker dollar and investors positioning for a recovery in the oil sector this year could support oil prices, Energy Aspects analyst Virendra Chauhan said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. Prices rose in line with broader financial markets with Brent crude futures reaching $53.17 a barrel, the highest since March 2020. U.S. West Texas Intermediate crude touched $49.71 a barrel, the highest since February 2020. March Brent crude futures were at $52.97 a barrel, up $1.17 or 2.3%, by 0617 GMT while February WTI crude futures rose $1, or 2.1%, to $49.52 a barrel. Broader [&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-393357","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\/393357","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=393357"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393357\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}