{"id":408045,"date":"2021-03-31T08:48:37","date_gmt":"2021-03-31T03:18:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408045"},"modified":"2021-03-31T09:25:00","modified_gmt":"2021-03-31T03:55:00","slug":"oil-prices-fall-as-suez-canal-opens-focus-turns-to-opec-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-suez-canal-opens-focus-turns-to-opec-output\/","title":{"rendered":"Oil prices fall as Suez Canal opens, focus turns to OPEC+ output"},"content":{"rendered":"<p>Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week which analysts expect to approve an extension to supply curbs amid disappointing demand prospects. <\/p>\n<p>Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel. <\/p>\n<p>Ships were moving through the Suez Canal again on Tuesday after tugs refloated the Ever Given container carrier, which had blocked the passage for almost a week, creating a build-up of vessels waiting to pass. <\/p>\n<p>With concerns about a shortage of physical supplies abating, the market is turning to Thursday&#8217;s meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slid on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week which analysts expect to approve an extension to supply curbs amid disappointing demand prospects. Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel. Ships were moving through the Suez Canal again on Tuesday after tugs refloated the Ever Given container carrier, which had blocked the passage for almost a week, creating a build-up of vessels waiting to pass. With concerns [&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-408045","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\/408045","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=408045"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408045\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}