{"id":453731,"date":"2021-12-03T09:00:39","date_gmt":"2021-12-03T03:30:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453731"},"modified":"2021-12-03T10:09:36","modified_gmt":"2021-12-03T04:39:36","slug":"oil-falls-as-opec-sticks-to-regular-output-increase","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-opec-sticks-to-regular-output-increase\/","title":{"rendered":"Oil falls as OPEC+ sticks to regular output increase"},"content":{"rendered":"<p>Oil prices fell on Thursday as OPEC+ stuck to its policy of incrementally boosting output, even as the Omicron coronavirus variant unsettles markets and threatens to undercut fuel demand.<\/p>\n<p>Brent crude futures were $1.21, or 1.7%, lower at $67.66 a barrel by 1430 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.24, or 1.8%, to $64.33. <\/p>\n<p>Global oil prices have lost more than $10 a barrel since last Thursday, when news of Omicron first shook investors.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, decided on Thursday to release more oil into the market in January in line with previous months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday as OPEC+ stuck to its policy of incrementally boosting output, even as the Omicron coronavirus variant unsettles markets and threatens to undercut fuel demand. Brent crude futures were $1.21, or 1.7%, lower at $67.66 a barrel by 1430 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.24, or 1.8%, to $64.33. Global oil prices have lost more than $10 a barrel since last Thursday, when news of Omicron first shook investors. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, decided on Thursday to release more oil [&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-453731","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\/453731","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=453731"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453731\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}