{"id":442122,"date":"2021-10-13T08:14:49","date_gmt":"2021-10-13T02:44:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442122"},"modified":"2021-10-13T08:41:42","modified_gmt":"2021-10-13T03:11:42","slug":"oil-slips-takes-breather-after-gains-driven-by-global-energy-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-takes-breather-after-gains-driven-by-global-energy-crisis\/","title":{"rendered":"Oil slips, takes breather after gains driven by global energy crisis"},"content":{"rendered":"<p>TOKYO (Reuters) -Oil prices edged lower on Tuesday, dropping for the first time in four days in what analysts called a breather after weeks of gains fuelled by a rebound in global demand that is contributing to energy shortages in major economies.<\/p>\n<p>Brent crude was down 6 cents at $83.59 a barrel at 0440 GMT, after touching three-year highs on Monday on the way to a 1.5% advance.<\/p>\n<p>U.S. oil fell 13 cents to $80.39 a barrel, having also gained 1.5% in the previous session, in which it reached the highest in around seven years.<\/p>\n<p>&#8220;There is still plenty of momentum behind the oil rally and the fundamentals remain extremely favourable,&#8221; said Craig Erlam, senior market analyst at OANDA. &#8220;Will it be a surprise to see oil back in the triple digits later this year? Probably not.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) -Oil prices edged lower on Tuesday, dropping for the first time in four days in what analysts called a breather after weeks of gains fuelled by a rebound in global demand that is contributing to energy shortages in major economies. Brent crude was down 6 cents at $83.59 a barrel at 0440 GMT, after touching three-year highs on Monday on the way to a 1.5% advance. U.S. oil fell 13 cents to $80.39 a barrel, having also gained 1.5% in the previous session, in which it reached the highest in around seven years. &#8220;There is still plenty of [&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-442122","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\/442122","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=442122"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442122\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}