{"id":393504,"date":"2021-01-05T11:50:57","date_gmt":"2021-01-05T06:20:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393504"},"modified":"2021-01-05T12:59:07","modified_gmt":"2021-01-05T07:29:07","slug":"oil-prices-rise-on-expectations-that-opec-likely-to-maintain-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-expectations-that-opec-likely-to-maintain-output\/","title":{"rendered":"Oil prices rise on expectations that OPEC+ likely to maintain output"},"content":{"rendered":"<p>Oil prices rose on Monday on expectations that OPEC and allied producers may cap output at current levels in February at a meeting later in the day as the coronavirus pandemic keeps worries about first-half demand elevated.<\/p>\n<p>Brent crude for March was at $52.42 a barrel, up 62 cents or 1.2%, by 0348 GMT while U.S. West Texas Intermediate crude for February rose 55 cents, or 1.1%, to $49.07 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 be supporting oil prices, Energy Aspects analyst Virendra Chauhan said. <\/p>\n<p>&#8220;Maybe there is some positive sentiment from OPEC+ looking to constrain supply in light of the virus rearing its ugly head in the west,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday on expectations that OPEC and allied producers may cap output at current levels in February at a meeting later in the day as the coronavirus pandemic keeps worries about first-half demand elevated. Brent crude for March was at $52.42 a barrel, up 62 cents or 1.2%, by 0348 GMT while U.S. West Texas Intermediate crude for February rose 55 cents, or 1.1%, to $49.07 a barrel. Broader macro momentum trends including a weaker dollar and investors positioning for a recovery in the oil sector this year could be supporting oil prices, Energy Aspects analyst Virendra [&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":[146,130,177],"tags":[],"class_list":["post-393504","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393504","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=393504"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393504\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}