{"id":435462,"date":"2021-09-13T08:54:35","date_gmt":"2021-09-13T03:24:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435462"},"modified":"2021-09-13T10:26:51","modified_gmt":"2021-09-13T04:56:51","slug":"oil-recovers-as-tight-us-supplies-offset-china-reserves-sale-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-recovers-as-tight-us-supplies-offset-china-reserves-sale-plan\/","title":{"rendered":"Oil recovers as tight US supplies offset China reserves sale plan"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of nearly 1% after China announced plans to sell crude from its strategic reserves. <\/p>\n<p>Brent crude futures for November rose 63 cents, or 0.9%, to $72.08 a barrel by 0624 GMT. U.S. West Texas Intermediate (WTI) crude futures for October was at $68.65 a barrel, up 51 cents, or 0.8%.<\/p>\n<p>Brent is headed for a second straight weekly loss.<\/p>\n<p>Both contracts fell more than 1% on Thursday to settle at their lowest since Aug. 26 after China said it would release crude oil reserves<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices rose on Friday on growing signs of tightness in U.S. markets after Hurricane Ida hit offshore output, although benchmarks were heading for weekly losses of nearly 1% after China announced plans to sell crude from its strategic reserves. Brent crude futures for November rose 63 cents, or 0.9%, to $72.08 a barrel by 0624 GMT. U.S. West Texas Intermediate (WTI) crude futures for October was at $68.65 a barrel, up 51 cents, or 0.8%. Brent is headed for a second straight weekly loss. Both contracts fell more than 1% on Thursday to settle at their [&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-435462","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\/435462","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=435462"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435462\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}