{"id":450721,"date":"2021-11-20T10:01:43","date_gmt":"2021-11-20T04:31:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450721"},"modified":"2021-11-20T11:14:10","modified_gmt":"2021-11-20T05:44:10","slug":"oil-drops-below-80-on-amid-fresh-surge-of-covid-19-cases-in-europe","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-below-80-on-amid-fresh-surge-of-covid-19-cases-in-europe\/","title":{"rendered":"Oil drops below $80 on amid fresh surge of Covid-19 cases in Europe"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices dropped below $79 a barrel on Friday as a fresh surge in 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 energy prices. <\/p>\n<p>Brent crude was down $2.44, or 3%, at $78.80 a barrel by 1110 GMT, its lowest since early October, after earlier rising to as high as $82.24, extending volatility seen on Thursday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude for December delivery was down $2.30, or 2.9%, at $76.72 a barrel.<\/p>\n<p>The WTI December contract expires on Friday and most trading activity has shifted to the January future, which was down 2.3% at $76.11 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices dropped below $79 a barrel on Friday as a fresh surge in 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 energy prices. Brent crude was down $2.44, or 3%, at $78.80 a barrel by 1110 GMT, its lowest since early October, after earlier rising to as high as $82.24, extending volatility seen on Thursday. U.S. West Texas Intermediate (WTI) crude for December delivery was down $2.30, or 2.9%, at $76.72 a barrel. The WTI December contract expires on [&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-450721","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\/450721","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=450721"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450721\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}