{"id":447112,"date":"2021-11-02T10:22:31","date_gmt":"2021-11-02T04:52:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447112"},"modified":"2021-11-02T11:11:48","modified_gmt":"2021-11-02T05:41:48","slug":"oil-drops-on-china-fuel-reserves-release-opec-meeting-in-view-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-on-china-fuel-reserves-release-opec-meeting-in-view-2\/","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 29 cents, or 0.4%, to $83.43 a barrel by 0351 GMT, after gaining 6 cents on Friday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures slid 40 cents, or 0.5%, to $83.17, 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 29 cents, or 0.4%, to $83.43 a barrel by 0351 GMT, after gaining 6 cents on Friday. US West Texas Intermediate (WTI) crude futures slid 40 cents, or 0.5%, to $83.17, 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":[146,130,177],"tags":[],"class_list":["post-447112","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447112","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=447112"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447112\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}