{"id":440453,"date":"2021-10-06T08:51:06","date_gmt":"2021-10-06T03:21:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440453"},"modified":"2021-10-06T09:51:04","modified_gmt":"2021-10-06T04:21:04","slug":"oil-holds-near-3-year-highs-after-opec-keep-tight-control-of-taps","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-near-3-year-highs-after-opec-keep-tight-control-of-taps\/","title":{"rendered":"Oil holds near 3-year highs after OPEC+ keep tight control of taps"},"content":{"rendered":"<p>Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps.<\/p>\n<p>Brent crude was up 51 cents or 0.6% at $81.77 a barrel by 0845 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil rose 50 cents or 0.6% to $80.98, after gaining 2.3% the previous session.<\/p>\n<p>Oil prices have already surged more than 50% this year, a rise that has added to inflationary pressures that crude-consuming nations such as the United States and India are concerned will derail recovery from the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps. Brent crude was up 51 cents or 0.6% at $81.77 a barrel by 0845 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil rose 50 cents or 0.6% to $80.98, after gaining 2.3% the previous session. Oil prices have already surged more than 50% this year, a rise that has added to inflationary pressures that crude-consuming nations such as [&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-440453","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\/440453","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=440453"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440453\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}