{"id":450665,"date":"2021-11-20T08:54:21","date_gmt":"2021-11-20T03:24:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450665"},"modified":"2021-11-20T10:47:27","modified_gmt":"2021-11-20T05:17:27","slug":"oil-near-six-week-low-as-china-readies-crude-reserve-release","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-near-six-week-low-as-china-readies-crude-reserve-release\/","title":{"rendered":"Oil near six-week low as China readies crude reserve release"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices slid to six-week lows on Thursday before reversing course, as China said it was moving to tap reserves after a Reuters report that the United States was asking large consuming nations to consider a stockpile release to lower prices. <\/p>\n<p>The bid by the U.S. to cool markets, asking China to join a coordinated action for the first time, comes as inflationary pressures &#8211; partly driven by surging energy prices &#8211; start to produce a political backlash. <\/p>\n<p>Brent crude was up 21 cents, or 0.3%, at $80.49 a barrel at 1511 GMT, after earlier dropping to its lowest since Oct. 7 at $79.28.<\/p>\n<p>U.S. West Texas Intermediate crude futures were down 2 cents at $78.34 a barrel, having fallen earlier to $77.08, also the lowest since early last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices slid to six-week lows on Thursday before reversing course, as China said it was moving to tap reserves after a Reuters report that the United States was asking large consuming nations to consider a stockpile release to lower prices. The bid by the U.S. to cool markets, asking China to join a coordinated action for the first time, comes as inflationary pressures &#8211; partly driven by surging energy prices &#8211; start to produce a political backlash. Brent crude was up 21 cents, or 0.3%, at $80.49 a barrel at 1511 GMT, after earlier dropping to its [&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-450665","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\/450665","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=450665"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450665\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}