{"id":450966,"date":"2021-11-22T08:45:31","date_gmt":"2021-11-22T03:15:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450966"},"modified":"2021-11-22T10:25:00","modified_gmt":"2021-11-22T04:55:00","slug":"oil-hits-7-week-low-amid-expectations-on-supply-release-europe-covid-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-7-week-low-amid-expectations-on-supply-release-europe-covid-surge\/","title":{"rendered":"Oil hits 7 week-low amid expectations on supply release, Europe Covid surge"},"content":{"rendered":"<p>Crude oil fell to seven-week lows on Monday, extending declines after the previous session&#8217;s slide, on concerns about excess supply after Japan said it was weighing releasing oil reserves and over demand from a worsening COVID-19 situation in Europe.<\/p>\n<p>Brent lost 57 cents, or 0.72%, to $78.32 a barrel as of 0206 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.51%, at $75.55 a barrel. <\/p>\n<p>WTI and Brent prices hit their lowest since Oct. 1 earlier in the session. They slumped around 3% on Friday. <\/p>\n<p>Japanese Prime Minister Fumio Kishida signalled on Saturday he was ready to help counter soaring oil prices following a request from the United States to release oil from its emergency stockpile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil fell to seven-week lows on Monday, extending declines after the previous session&#8217;s slide, on concerns about excess supply after Japan said it was weighing releasing oil reserves and over demand from a worsening COVID-19 situation in Europe. Brent lost 57 cents, or 0.72%, to $78.32 a barrel as of 0206 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.51%, at $75.55 a barrel. WTI and Brent prices hit their lowest since Oct. 1 earlier in the session. They slumped around 3% on Friday. Japanese Prime Minister Fumio Kishida signalled on Saturday he [&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-450966","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\/450966","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=450966"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450966\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}