{"id":449850,"date":"2021-11-15T12:30:53","date_gmt":"2021-11-15T07:00:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449850"},"modified":"2021-11-15T12:30:53","modified_gmt":"2021-11-15T07:00:53","slug":"oil-on-longest-weekly-run-of-drops-since-march-amid-spr-pressure","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-on-longest-weekly-run-of-drops-since-march-amid-spr-pressure\/","title":{"rendered":"Oil on longest weekly run of drops since March amid SPR pressure"},"content":{"rendered":"<p>Oil headed for its longest run of weekly losses since March as President Joe Biden kept investors guessing about whether he\u2019ll act to tame prices that have helped to stoke a surge in US inflation, hurting consumers.<\/p>\n<p>West Texas Intermediate fell 1.9 per cent, putting crude on course for a third weekly fall. Biden is weighing moves that include releasing oil from the Strategic Petroleum Reserve to try to bring down the cost of gasoline at the pump, which has hit a seven-year high.<\/p>\n<p>For several weeks, a small group of his top aides has discussed possible moves, according to people familiar with the matter. Consensus has been elusive, with some Energy Department officials pushing back against tapping the SPR while White House aides lobby for a release &#8212; or even halting US crude exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil headed for its longest run of weekly losses since March as President Joe Biden kept investors guessing about whether he\u2019ll act to tame prices that have helped to stoke a surge in US inflation, hurting consumers. West Texas Intermediate fell 1.9 per cent, putting crude on course for a third weekly fall. Biden is weighing moves that include releasing oil from the Strategic Petroleum Reserve to try to bring down the cost of gasoline at the pump, which has hit a seven-year high. For several weeks, a small group of his top aides has discussed possible moves, according to [&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":[135,130,169],"tags":[],"class_list":["post-449850","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\/449850","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=449850"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449850\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}