{"id":447317,"date":"2021-11-05T09:20:55","date_gmt":"2021-11-05T03:50:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447317"},"modified":"2021-11-05T09:59:34","modified_gmt":"2021-11-05T04:29:34","slug":"oil-prices-fall-reversing-gains-as-saudi-tv-reports-looming-output-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-reversing-gains-as-saudi-tv-reports-looming-output-rise\/","title":{"rendered":"Oil prices fall, reversing gains as Saudi TV reports looming output rise"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices fell on Thursday, reversing earlier gains in a volatile session after a report that Saudi Arabia&#8217;s oil output will soon surpass 10 million barrels per day for the first time since the outset of the coronavirus pandemic.<\/p>\n<p>The report, from Saudi-owned Al Arabiya TV, came after the nation, along with other Organization of the Petroleum Exporting Countries and its allies, agreed to stick to previously agreed-upon production increases.<\/p>\n<p>Brent crude fell 29 cents to $81.70 a barrel by 1:11 p.m. EDT (1711 GMT). Earlier, Brent rose to $84.49 a barrel. U.S. West Texas Intermediate crude fell 54 cents to $80.32 a barrel, well off the session high of $83.42.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices fell on Thursday, reversing earlier gains in a volatile session after a report that Saudi Arabia&#8217;s oil output will soon surpass 10 million barrels per day for the first time since the outset of the coronavirus pandemic. The report, from Saudi-owned Al Arabiya TV, came after the nation, along with other Organization of the Petroleum Exporting Countries and its allies, agreed to stick to previously agreed-upon production increases. Brent crude fell 29 cents to $81.70 a barrel by 1:11 p.m. EDT (1711 GMT). Earlier, Brent rose to $84.49 a barrel. U.S. West Texas Intermediate crude [&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-447317","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\/447317","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=447317"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447317\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}