{"id":451022,"date":"2021-11-22T10:39:05","date_gmt":"2021-11-22T05:09:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451022"},"modified":"2021-11-22T12:02:28","modified_gmt":"2021-11-22T06:32:28","slug":"oil-hits-7-week-lows-on-supply-release-expectations-europe-covid-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-7-week-lows-on-supply-release-expectations-europe-covid-surge\/","title":{"rendered":"Oil hits 7-week lows on supply release expectations, 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 per cent, to $78.32 a barrel as of 0206 GMT and US West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.51 per cent, at $75.55 a barrel. <\/p>\n<p>WTI and Brent prices hit their lowest since October 1 earlier in the session. They slumped around 3 per cent 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 per cent, to $78.32 a barrel as of 0206 GMT and US West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.51 per cent, at $75.55 a barrel. WTI and Brent prices hit their lowest since October 1 earlier in the session. They slumped around 3 per cent on Friday. Japanese Prime Minister [&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":[146,130,177],"tags":[],"class_list":["post-451022","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451022","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=451022"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451022\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}