{"id":450688,"date":"2021-11-20T08:55:48","date_gmt":"2021-11-20T03:25:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450688"},"modified":"2021-11-20T10:48:04","modified_gmt":"2021-11-20T05:18:04","slug":"oil-dives-3-to-below-80-bbl-on-resurgent-pandemic-in-europe","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dives-3-to-below-80-bbl-on-resurgent-pandemic-in-europe\/","title":{"rendered":"Oil dives 3% to below $80\/bbl on resurgent pandemic in Europe"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell about 3% to below $80 a barrel on Friday as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices. <\/p>\n<p>Brent futures for January fell $2.35, or 2.9%, to settle at $78.89 a barrel.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude for December fell $2.91, or 3.6%, to $76.10 on its last day as the front-month. WTI for January, which will soon be the U.S. front-month, was down about $2.65, or 3.4%, to $75.78.<\/p>\n<p>Both benchmarks declined for the fourth consecutive week, for the first time since March 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell about 3% to below $80 a barrel on Friday as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices. Brent futures for January fell $2.35, or 2.9%, to settle at $78.89 a barrel. U.S. West Texas Intermediate (WTI) crude for December fell $2.91, or 3.6%, to $76.10 on its last day as the front-month. WTI for January, which will soon be the U.S. front-month, was down about $2.65, or 3.4%, to $75.78. Both benchmarks declined [&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-450688","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\/450688","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=450688"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450688\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}