{"id":418990,"date":"2021-06-07T09:50:03","date_gmt":"2021-06-07T04:20:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418990"},"modified":"2021-06-07T11:10:50","modified_gmt":"2021-06-07T05:40:50","slug":"oil-eases-as-investors-await-iran-nuclear-talks-this-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-eases-as-investors-await-iran-nuclear-talks-this-week\/","title":{"rendered":"Oil eases as investors await Iran nuclear talks this week"},"content":{"rendered":"<p>SINGAPORE: Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week&#8217;s talks between Iran and world powers over a nuclear deal that is expected to boost crude supplies.<\/p>\n<p>Brent crude futures for August fell 26 cents, or 0.4%, to $71.63 a barrel by 0218 GMT, after earlier hitting $72.27, their highest since May 2019. US West Texas Intermediate crude for July touched $70 for the first time since October 2018 but retreated to $69.43 a barrel, down 19 cents, or 0.3%.<\/p>\n<p>Investors may have sold off some contracts to take profit when WTI hit $70, said Avtar Sandu, a senior commodities manager at Phillips Futures in Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week&#8217;s talks between Iran and world powers over a nuclear deal that is expected to boost crude supplies. Brent crude futures for August fell 26 cents, or 0.4%, to $71.63 a barrel by 0218 GMT, after earlier hitting $72.27, their highest since May 2019. US West Texas Intermediate crude for July touched $70 for the first time since October 2018 but retreated to $69.43 a barrel, down 19 cents, or 0.3%. Investors may have sold off some contracts to take profit when [&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":[130,191,136],"tags":[],"class_list":["post-418990","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418990","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=418990"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418990\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}