{"id":447002,"date":"2021-11-02T08:52:55","date_gmt":"2021-11-02T03:22:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447002"},"modified":"2021-11-02T09:17:28","modified_gmt":"2021-11-02T03:47:28","slug":"oil-drops-on-china-fuel-reserves-release-opec-meeting-in-view","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-on-china-fuel-reserves-release-opec-meeting-in-view\/","title":{"rendered":"Oil drops on China fuel reserves release; OPEC+ meeting in view"},"content":{"rendered":"<p>Oil prices dropped on Monday as China&#8217;s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets.<\/p>\n<p>Brent crude futures dropped 46 cents, or 0.6%, to $83.26 a barrel by 0746 GMT, after gaining 6 cents on Friday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures slid 64 cents, or 0.8%, to $82.93, having risen 76 cents on Friday.<\/p>\n<p>The drops came after China said in a rare official statement that it had released reserves of the two fuels to increase market supply and support price stability in some regions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped on Monday as China&#8217;s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent crude futures dropped 46 cents, or 0.6%, to $83.26 a barrel by 0746 GMT, after gaining 6 cents on Friday. U.S. West Texas Intermediate (WTI) crude futures slid 64 cents, or 0.8%, to $82.93, having risen 76 cents on Friday. The drops came after China said in a rare official statement that it had released reserves of the two fuels [&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-447002","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\/447002","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=447002"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447002\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}