{"id":449577,"date":"2021-11-12T09:04:27","date_gmt":"2021-11-12T03:34:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449577"},"modified":"2021-11-12T09:44:10","modified_gmt":"2021-11-12T04:14:10","slug":"oil-price-hovers-near-83-as-strong-dollar-vies-with-inflation-worry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-hovers-near-83-as-strong-dollar-vies-with-inflation-worry\/","title":{"rendered":"Oil price hovers near $83 as strong dollar vies with inflation worry"},"content":{"rendered":"<p>Oil prices were steady to a few cents lower on Thursday, as the market grappled with a stronger U.S. dollar along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices. <\/p>\n<p>Brent crude futures were down 8 cents to $82.56 a barrel by 1:42 p.m. EDT (1842 GMT) after falling earlier to $81.66. U.S. West Texas Intermediate (WTI) futures were down 2 cents to $81.32 after hitting a session low of $80.20. <\/p>\n<p>On Wednesday, U.S. data showed consumer price inflation rose in October at an annual rate of by 6.2%, the fastest rate in 30 years, driven largely by steeper energy prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady to a few cents lower on Thursday, as the market grappled with a stronger U.S. dollar along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices. Brent crude futures were down 8 cents to $82.56 a barrel by 1:42 p.m. EDT (1842 GMT) after falling earlier to $81.66. U.S. West Texas Intermediate (WTI) futures were down 2 cents to $81.32 after hitting a session low of $80.20. On Wednesday, U.S. data showed consumer price inflation rose in October at an annual rate of by 6.2%, the [&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-449577","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\/449577","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=449577"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449577\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}