{"id":423233,"date":"2021-06-30T08:52:05","date_gmt":"2021-06-30T03:22:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423233"},"modified":"2021-06-30T09:31:26","modified_gmt":"2021-06-30T04:01:26","slug":"oil-steadies-as-opec-fuels-demand-hopes-amid-new-covid-19-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steadies-as-opec-fuels-demand-hopes-amid-new-covid-19-worries\/","title":{"rendered":"Oil steadies as OPEC fuels demand hopes amid new Covid-19 worries"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC&#8217;s secretary general, slightly overshadowing travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus. <\/p>\n<p>Brent crude futures settled up 8 cents, or 0.1%, at$74.76 a barrel, having slumped by 2% on Monday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures settled up 7 cents, or 0.1%, at $72.98 a barrel, after a 1.5% retreat on Monday.<\/p>\n<p>Demand in 2021 was expected to grow by 6 million barrels per day (bpd), with 5 million bpd of that in the second half, OPEC Secretary General Mohammad Barkindo told Tuesday&#8217;s meeting of the Joint Technical Committee of OPEC+, an alliance made up of OPEC states, Russia and their allies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC&#8217;s secretary general, slightly overshadowing travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus. Brent crude futures settled up 8 cents, or 0.1%, at$74.76 a barrel, having slumped by 2% on Monday. U.S. West Texas Intermediate (WTI) crude futures settled up 7 cents, or 0.1%, at $72.98 a barrel, after a 1.5% retreat on Monday. Demand in 2021 was expected to grow by 6 million barrels per day (bpd), with 5 million bpd [&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-423233","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\/423233","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=423233"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423233\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}