{"id":423002,"date":"2021-06-29T08:37:54","date_gmt":"2021-06-29T03:07:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423002"},"modified":"2021-06-29T09:25:25","modified_gmt":"2021-06-29T03:55:25","slug":"oil-prices-slip-after-hitting-highest-since-2018-before-opec-talks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-after-hitting-highest-since-2018-before-opec-talks\/","title":{"rendered":"Oil prices slip after hitting highest since 2018 before OPEC+ talks"},"content":{"rendered":"<p>Oil prices slipped on Monday after hitting more than 2-1\/2 year highs earlier in the session, as a spike in COVID-19 cases in Asia put a brake on their rally before this week&#8217;s OPEC+ meeting.<\/p>\n<p>Brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since October 2018. U.S. crude was 10 cents, or 0.1%, lower at $73.95 a barrel. <\/p>\n<p>But analysts said the rally had not yet run out of steam.<\/p>\n<p>&#8220;With sentiment running high, market watchers say crude prices are likely to keep rising &#8230; Vaccination rollouts and strong summer demand make for a potent bullish cocktail,&#8221; said Stephen Brennock of oil broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Monday after hitting more than 2-1\/2 year highs earlier in the session, as a spike in COVID-19 cases in Asia put a brake on their rally before this week&#8217;s OPEC+ meeting. Brent was down 20 cents, or 0.3%, to $75.98 a barrel at 1040 GMT, after climbing to $76.60, its highest since October 2018. U.S. crude was 10 cents, or 0.1%, lower at $73.95 a barrel. But analysts said the rally had not yet run out of steam. &#8220;With sentiment running high, market watchers say crude prices are likely to keep rising &#8230; Vaccination rollouts and [&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-423002","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\/423002","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=423002"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423002\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}