{"id":432981,"date":"2021-08-31T09:07:33","date_gmt":"2021-08-31T03:37:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432981"},"modified":"2021-08-31T10:32:04","modified_gmt":"2021-08-31T05:02:04","slug":"oil-prices-drop-after-hurricane-ida-hits-us-gulf-rigs-refineries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-after-hurricane-ida-hits-us-gulf-rigs-refineries\/","title":{"rendered":"Oil prices drop after Hurricane Ida hits US Gulf rigs, refineries"},"content":{"rendered":"<p>Oil prices reversed gains on Monday, pulling back from more than three-week highs reached earlier in the session, as a powerful hurricane slammed into the U.S. Gulf coast https:\/\/www.reuters.com\/world\/us\/gulf-coast-ports-close-loop-halts-oil-deliveries-ahead-hurricane-ida-2021-08-29, forcing shutdowns and evacuations of hundreds of offshore oil platforms.<\/p>\n<p>Brent was down 16 cents or 0.2% at $72.54 a barrel by 0654 GMT. It rose more than 11% last week in anticipation of disruptions to oil production from Hurricane Ida. <\/p>\n<p>U.S. oil was down by 49 cents or 0.7% at $68.25 a barrel, having jumped a little over 10% over last week.<\/p>\n<p>The benchmarks hit highs not seen since early August, $73.69 and $69.64, respectively, earlier in the session, as Ida crossed the coast near Port Fourchon, Louisiana, a hub of the Gulf&#8217;s offshore energy industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices reversed gains on Monday, pulling back from more than three-week highs reached earlier in the session, as a powerful hurricane slammed into the U.S. Gulf coast https:\/\/www.reuters.com\/world\/us\/gulf-coast-ports-close-loop-halts-oil-deliveries-ahead-hurricane-ida-2021-08-29, forcing shutdowns and evacuations of hundreds of offshore oil platforms. Brent was down 16 cents or 0.2% at $72.54 a barrel by 0654 GMT. It rose more than 11% last week in anticipation of disruptions to oil production from Hurricane Ida. U.S. oil was down by 49 cents or 0.7% at $68.25 a barrel, having jumped a little over 10% over last week. The benchmarks hit highs not seen since early [&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-432981","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\/432981","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=432981"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432981\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}