{"id":451195,"date":"2021-11-23T08:51:31","date_gmt":"2021-11-23T03:21:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451195"},"modified":"2021-11-23T09:38:49","modified_gmt":"2021-11-23T04:08:49","slug":"oil-prices-remain-under-pressure-from-both-supply-and-demand-factors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-remain-under-pressure-from-both-supply-and-demand-factors\/","title":{"rendered":"Oil prices remain under pressure from both supply and demand factors"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices rose on Monday but remained under pressure from rising COVID-19 cases in Europe and a potential release of Japanese oil reserves, raising concerns about both oversupply and weak demand. <\/p>\n<p>Prices of the Brent and U.S. West Texas Intermediate (WTI) crude benchmarks fell more than $1 in early trading, hitting their lowest since Oct. 1.<\/p>\n<p>By 1007 GMT, Brent was up 31 cents, or 0.4%, at $79.20 a barrel while U.S. crude had gained 34 cents, or 0.5%, to $76.28.<\/p>\n<p>The prospect of national lockdowns in Europe has raised concerns about economic and oil demand growth, said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices rose on Monday but remained under pressure from rising COVID-19 cases in Europe and a potential release of Japanese oil reserves, raising concerns about both oversupply and weak demand. Prices of the Brent and U.S. West Texas Intermediate (WTI) crude benchmarks fell more than $1 in early trading, hitting their lowest since Oct. 1. By 1007 GMT, Brent was up 31 cents, or 0.4%, at $79.20 a barrel while U.S. crude had gained 34 cents, or 0.5%, to $76.28. The prospect of national lockdowns in Europe has raised concerns about economic and oil demand growth, said [&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-451195","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\/451195","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=451195"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451195\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}