{"id":452743,"date":"2021-11-30T08:49:59","date_gmt":"2021-11-30T03:19:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452743"},"modified":"2021-11-30T09:40:12","modified_gmt":"2021-11-30T04:10:12","slug":"oil-prices-rebound-on-speculation-opec-may-pause-output-increase","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rebound-on-speculation-opec-may-pause-output-increase\/","title":{"rendered":"Oil prices rebound on speculation OPEC+ may pause output increase"},"content":{"rendered":"<p>Oil prices rebounded on Monday as investors looked for bargains after Friday&#8217;s slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, but the mood remained cautious with little known about the new variant.<\/p>\n<p>Prices jumped over 4%, recovering some ground after plunging more than 10% in the previous trading session. On Friday, oil prices posted their biggest one-day drop since April 2020 as the new variant spooked investors across financial markets. <\/p>\n<p>Brent crude futures climbed $3.17, or 4.4%, to $75.89 a barrel by 0748 GMT, after falling $9.50 on Friday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude was up $3.35, or 4.9%, at $71.50 a barrel, having tumbled $10.24 in the previous session.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded on Monday as investors looked for bargains after Friday&#8217;s slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, but the mood remained cautious with little known about the new variant. Prices jumped over 4%, recovering some ground after plunging more than 10% in the previous trading session. On Friday, oil prices posted their biggest one-day drop since April 2020 as the new variant spooked investors across financial markets. Brent crude futures climbed $3.17, or 4.4%, to $75.89 a barrel by 0748 GMT, after falling $9.50 on Friday. U.S. [&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-452743","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\/452743","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=452743"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452743\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}