{"id":401672,"date":"2021-02-23T11:15:28","date_gmt":"2021-02-23T05:45:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401672"},"modified":"2021-02-23T11:15:28","modified_gmt":"2021-02-23T05:45:28","slug":"oil-prices-rise-with-storm-hit-us-output-set-for-slow-return","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-with-storm-hit-us-output-set-for-slow-return\/","title":{"rendered":"Oil prices rise with storm-hit US output set for slow return"},"content":{"rendered":"<p>Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers from the depths of the COVID-19 pandemic.<\/p>\n<p>Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT, after gaining nearly 1% last week. U.S. oil rose 60 cents, or 1%, to $59.84 a barrel, having fallen 0.4% last week.<\/p>\n<p>Abnormally cold weather in Texas and the Plains states forced the shutdown of up to 4 million barrels per day (bpd) of crude production along with 21 billion cubic feet of natural gas output, analysts estimated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers from the depths of the COVID-19 pandemic. Brent crude was up 49 cents, or 0.8%, at $63.40 a barrel by 1330 GMT, after gaining nearly 1% last week. U.S. oil rose 60 cents, or 1%, to $59.84 a barrel, having fallen 0.4% last week. Abnormally cold weather in Texas and the Plains states forced the shutdown of up to 4 million barrels per day (bpd) of crude production along with [&hellip;]<\/p>\n","protected":false},"author":39,"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-401672","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\/401672","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401672"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401672\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}