{"id":453721,"date":"2021-12-03T09:01:06","date_gmt":"2021-12-03T03:31:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453721"},"modified":"2021-12-03T10:10:16","modified_gmt":"2021-12-03T04:40:16","slug":"oil-price-rises-as-investors-focus-on-opec-decision-amid-omicron-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-rises-as-investors-focus-on-opec-decision-amid-omicron-fears\/","title":{"rendered":"Oil price rises as investors focus on OPEC+ decision amid Omicron fears"},"content":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices rose on Thursday, more than recouping the previous day&#8217;s losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears the Omicron coronavirus variant will hurt fuel demand. <\/p>\n<p>Brent crude futures rose $1.24, or 1.8%, to $70.11 by 0748 GMT, having eased 0.5% in the previous session. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures gained $1.13, or 1.7%, to $66.70 a barrel, after a 0.9% drop on Wednesday. <\/p>\n<p>&#8220;Investors unwound their positions ahead of the OPEC+ decision as oil prices have declined so fast and so much over the past week,&#8221; said Tsuyoshi Ueno, senior economist at NLI Research Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices rose on Thursday, more than recouping the previous day&#8217;s losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears the Omicron coronavirus variant will hurt fuel demand. Brent crude futures rose $1.24, or 1.8%, to $70.11 by 0748 GMT, having eased 0.5% in the previous session. U.S. West Texas Intermediate (WTI) crude futures gained $1.13, or 1.7%, to $66.70 a barrel, after a 0.9% drop on Wednesday. &#8220;Investors unwound their positions ahead of the OPEC+ decision as oil prices have declined so fast and so much [&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-453721","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\/453721","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=453721"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453721\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}