{"id":449781,"date":"2021-11-15T10:53:15","date_gmt":"2021-11-15T05:23:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449781"},"modified":"2021-11-15T10:53:15","modified_gmt":"2021-11-15T05:23:15","slug":"oil-prices-slide-amid-fears-of-supply-boost-weaker-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-amid-fears-of-supply-boost-weaker-demand\/","title":{"rendered":"Oil prices slide amid fears of supply boost, weaker demand"},"content":{"rendered":"<p>SINGAPORE: Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand.<br \/>\nBrent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel, as of 0151 GMT. U.S. West Texas Intermediate (WTI) crude lost 58 cents, or 0.7%, to $80.21 a barrel.<br \/>\nBoth markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that President Joe Biden&#8217;s administration might release oil from the U.S. Strategic Petroleum Reserve to cool prices.<br \/>\n&#8220;The White House has been debating how to tackle higher inflation, with some officials calling for the strategic reserve to be tapped, or halting U.S. exports,&#8221; ANZ analysts said in a report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Crude oil prices skidded on Monday, under pressure from expectations of higher supplies and weakening demand. Brent crude futures fell 58 cents, or 0.7%, to $81.59 a barrel, as of 0151 GMT. U.S. West Texas Intermediate (WTI) crude lost 58 cents, or 0.7%, to $80.21 a barrel. Both markets have dropped for the last three weeks, hit by a strengthening dollar and speculation that President Joe Biden&#8217;s administration might release oil from the U.S. Strategic Petroleum Reserve to cool prices. &#8220;The White House has been debating how to tackle higher inflation, with some officials calling for the strategic reserve [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-449781","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449781","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=449781"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449781\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}