{"id":451516,"date":"2021-11-25T08:41:01","date_gmt":"2021-11-25T03:11:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451516"},"modified":"2021-11-25T10:30:34","modified_gmt":"2021-11-25T05:00:34","slug":"oil-prices-drop-as-coordinated-reserve-release-eases-some-supply-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-as-coordinated-reserve-release-eases-some-supply-fears\/","title":{"rendered":"Oil prices drop as coordinated reserve release eases some supply fears"},"content":{"rendered":"<p>Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day&#8217;s rally ahead of the U.S. Thanksgiving holiday. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.38 a barrel at 0122 GMT, reversing out of a 2.3% gain in the previous day. <\/p>\n<p>Brent crude futures slid 32 cents, or 0.4%, to $81.99 a barrel, having risen 3.3% on Tuesday. <\/p>\n<p>&#8220;The coordinated efforts by oil consuming countries to lower crude prices prompted fresh selling,&#8221; said Kazuhiko Saito, chief analyst at Fujitomi Securities Co Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday as the U.S.-led coordinated release of stocks from strategic reserves eased concerns over tightness in global supply, while investors took profits from the previous day&#8217;s rally ahead of the U.S. Thanksgiving holiday. U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.38 a barrel at 0122 GMT, reversing out of a 2.3% gain in the previous day. Brent crude futures slid 32 cents, or 0.4%, to $81.99 a barrel, having risen 3.3% on Tuesday. &#8220;The coordinated efforts by oil consuming countries to lower crude prices prompted fresh selling,&#8221; said Kazuhiko Saito, [&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-451516","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\/451516","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=451516"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451516\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}