{"id":442120,"date":"2021-10-13T08:12:44","date_gmt":"2021-10-13T02:42:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442120"},"modified":"2021-10-13T08:41:15","modified_gmt":"2021-10-13T03:11:15","slug":"oil-whipsaws-in-volatile-session-as-energy-crunch-stokes-recovery-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-whipsaws-in-volatile-session-as-energy-crunch-stokes-recovery-concerns\/","title":{"rendered":"Oil whipsaws in volatile session as energy crunch stokes recovery concerns"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied after whipsawing in a volatile session on Tuesday, as traders weighed the effect that higher energy costs could have on the global economic recovery.<\/p>\n<p>Brent crude fell 4 cents to $83.61 a barrel by 10:46 a.m. EDT (1446 GMT). It earlier hit a high of $84.23 a barrel and a low of $82.72 a barrel. On Monday it hit $84.60, its highest since October 2018.<\/p>\n<p>U.S. oil futures rose 28 cents to $80.80 a barrel, after ranging between $81.62 and $79.47.<\/p>\n<p>Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday, triggering global stock and bond market wobbles on worries that rising energy costs will stoke inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices steadied after whipsawing in a volatile session on Tuesday, as traders weighed the effect that higher energy costs could have on the global economic recovery. Brent crude fell 4 cents to $83.61 a barrel by 10:46 a.m. EDT (1446 GMT). It earlier hit a high of $84.23 a barrel and a low of $82.72 a barrel. On Monday it hit $84.60, its highest since October 2018. U.S. oil futures rose 28 cents to $80.80 a barrel, after ranging between $81.62 and $79.47. Authorities from Beijing to Delhi scrambled to fill a yawning power supply [&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-442120","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\/442120","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=442120"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442120\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}