{"id":453366,"date":"2021-12-02T09:20:03","date_gmt":"2021-12-02T03:50:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453366"},"modified":"2021-12-02T10:09:42","modified_gmt":"2021-12-02T04:39:42","slug":"oil-rises-1-ahead-of-opec-meeting-under-omicron-variant-cloud","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-1-ahead-of-opec-meeting-under-omicron-variant-cloud\/","title":{"rendered":"Oil rises 1% ahead of OPEC meeting under Omicron variant cloud"},"content":{"rendered":"<p>Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.2%, to $66.96 a barrel at 0122 GMT, after a 5.4% drop on Tuesday. <\/p>\n<p>Brent crude futures gained $1.01, or 1.5%, to $70.24 a barrel, after a 3.9% slump on Tuesday.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday after 1300 GMT ahead of a meeting on Thursday of OPEC+, which includes OPEC and allies including Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices clawed back some losses on Wednesday after steep falls in the previous session, as major producers prepared to discuss how to respond to the threat of a hit to fuel demand from the Omicron variant. U.S. West Texas Intermediate (WTI) crude futures rose 78 cents, or 1.2%, to $66.96 a barrel at 0122 GMT, after a 5.4% drop on Tuesday. Brent crude futures gained $1.01, or 1.5%, to $70.24 a barrel, after a 3.9% slump on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday after 1300 GMT ahead of a meeting on Thursday [&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-453366","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\/453366","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=453366"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453366\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}