{"id":451780,"date":"2021-11-25T08:47:26","date_gmt":"2021-11-25T03:17:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451780"},"modified":"2021-11-25T10:41:35","modified_gmt":"2021-11-25T05:11:35","slug":"will-oil-prices-cool-off-after-tapping-strategic-petroleum-reserves","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/will-oil-prices-cool-off-after-tapping-strategic-petroleum-reserves\/","title":{"rendered":"Will oil prices cool off after tapping Strategic Petroleum Reserves?"},"content":{"rendered":"<p>India, along with the US, People\u2019s Republic of China, Japan and the Republic of Korea, has decided to release five million barrels of crude oil from its strategic petroleum reserves in a concerted effort to bring down global crude oil prices. <\/p>\n<p>This is the first of a kind coordinated move globally to tame the flaring crude oil prices. <\/p>\n<p>Brent, the most popular benchmark in international trade for crude oil, hit $86.40 a barrel on October 26. <\/p>\n<p>While prices cooled off since then to nearly $79 a barrel, they rose over three per cent in two days to hover around $83 per barrel-mark after the announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India, along with the US, People\u2019s Republic of China, Japan and the Republic of Korea, has decided to release five million barrels of crude oil from its strategic petroleum reserves in a concerted effort to bring down global crude oil prices. This is the first of a kind coordinated move globally to tame the flaring crude oil prices. Brent, the most popular benchmark in international trade for crude oil, hit $86.40 a barrel on October 26. While prices cooled off since then to nearly $79 a barrel, they rose over three per cent in two days to hover around $83 [&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-451780","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\/451780","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=451780"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451780\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}