{"id":449985,"date":"2021-11-16T09:06:14","date_gmt":"2021-11-16T03:36:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449985"},"modified":"2021-11-16T11:18:30","modified_gmt":"2021-11-16T05:48:30","slug":"oil-prices-slide-on-expectations-of-higher-supply-weaker-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-on-expectations-of-higher-supply-weaker-demand\/","title":{"rendered":"Oil prices slide on expectations of higher supply, weaker demand"},"content":{"rendered":"<p>LONDON (Reuters) -Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. <\/p>\n<p>Brent crude futures fell 96 cents, or 1.2%, to $81.21 a barrel, as of 1036 GMT. U.S. West Texas Intermediate (WTI) crude lost 73 cents, or 0.9%, to $80.06 a barrel.<\/p>\n<p>Oil 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent crude futures fell 96 cents, or 1.2%, to $81.21 a barrel, as of 1036 GMT. U.S. West Texas Intermediate (WTI) crude lost 73 cents, or 0.9%, to $80.06 a barrel. Oil 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.<\/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-449985","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\/449985","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=449985"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449985\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}