{"id":435216,"date":"2021-09-10T08:46:26","date_gmt":"2021-09-10T03:16:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435216"},"modified":"2021-09-10T09:47:42","modified_gmt":"2021-09-10T04:17:42","slug":"oil-prices-gain-for-second-session-as-lower-us-output-supports","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-for-second-session-as-lower-us-output-supports\/","title":{"rendered":"Oil prices gain for second session as lower US output supports"},"content":{"rendered":"<p>SINGAPORE (Reuters) -Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in U.S. Gulf of Mexico output following damages from Hurricane Ida underpinned the market. <\/p>\n<p>Brent added 26 cents, or 0.36% to $72.86 a barrel at 0616 GMT and West Texas Intermediate (WTI) crude rose 12 cents, or 0.17%, to $69.42 a barrel.<\/p>\n<p>&#8220;U.S. production is struggling to recover from Hurricane Ida,&#8221; ANZ said in a note. &#8220;Extensive damage to infrastructure and power outages mean Ida has knocked off more supply after nine days than any other storm.&#8221;<\/p>\n<p>About 77% of U.S. Gulf production remained offline on Tuesday, or about 1.4 million barrels per day (bpd). The market has lost about 17.5 million barrels of oil so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) -Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in U.S. Gulf of Mexico output following damages from Hurricane Ida underpinned the market. Brent added 26 cents, or 0.36% to $72.86 a barrel at 0616 GMT and West Texas Intermediate (WTI) crude rose 12 cents, or 0.17%, to $69.42 a barrel. &#8220;U.S. production is struggling to recover from Hurricane Ida,&#8221; ANZ said in a note. &#8220;Extensive damage to infrastructure and power outages mean Ida has knocked off more supply after nine days than any other storm.&#8221; About 77% of U.S. Gulf [&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-435216","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\/435216","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=435216"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435216\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}