{"id":453732,"date":"2021-12-03T09:02:42","date_gmt":"2021-12-03T03:32:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453732"},"modified":"2021-12-03T10:11:00","modified_gmt":"2021-12-03T04:41:00","slug":"oil-prices-little-changed-as-opec-sticks-to-regular-output-increase","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-little-changed-as-opec-sticks-to-regular-output-increase\/","title":{"rendered":"Oil prices little changed as OPEC+ sticks to regular output increase"},"content":{"rendered":"<p>(Reuters) -Oil prices were little changed, giving up most of their gains in volatile trading, as OPEC+ stuck to its policy of incrementally boosting output and the market considered the severity of the Omicron coronavirus variant. <\/p>\n<p>Brent crude futures were 29 cents, or 0.4%, higher at $69.19 a barrel by 1:38 p.m. ET (1839 GMT) while U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.5%, to $65.93.<\/p>\n<p>U.S. front month contract traded volumes remained low, at about 267,000 &#8211; below the 200-day moving average and far lower than the last four days.<\/p>\n<p>The Organization of the Petroleum Exporting Countries 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>(Reuters) -Oil prices were little changed, giving up most of their gains in volatile trading, as OPEC+ stuck to its policy of incrementally boosting output and the market considered the severity of the Omicron coronavirus variant. Brent crude futures were 29 cents, or 0.4%, higher at $69.19 a barrel by 1:38 p.m. ET (1839 GMT) while U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.5%, to $65.93. U.S. front month contract traded volumes remained low, at about 267,000 &#8211; below the 200-day moving average and far lower than the last four days. The Organization of the Petroleum [&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-453732","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\/453732","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=453732"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453732\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}