{"id":454014,"date":"2021-12-04T09:20:24","date_gmt":"2021-12-04T03:50:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454014"},"modified":"2021-12-04T10:42:43","modified_gmt":"2021-12-04T05:12:43","slug":"oil-price-rises-on-opec-plan-to-meet-if-omicron-hits-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-rises-on-opec-plan-to-meet-if-omicron-hits-fuel-demand\/","title":{"rendered":"Oil price rises on OPEC+ plan to meet if Omicron hits fuel demand"},"content":{"rendered":"<p>Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for a sixth week of declines.<\/p>\n<p>Brent crude futures rose $1.34 cents, or 1.9%, to $71.01 a barrel by 0752 GMT, after climbing 1.2% in the previous session. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday.<\/p>\n<p>The Organization of the Petroleum Exporting Countries, Russia and allies, together called OPEC+, surprised the market on Thursday when it stuck to plans to add 400,000 barrels per day (bpd) supply in January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant dents demand, but prices were still on course for a sixth week of declines. Brent crude futures rose $1.34 cents, or 1.9%, to $71.01 a barrel by 0752 GMT, after climbing 1.2% in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose $1.38, or 2.1%, to $67.88 a barrel, adding to a 1.4% gain on Thursday. The Organization of the Petroleum Exporting Countries, Russia and allies, together called OPEC+, surprised the market on [&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-454014","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\/454014","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=454014"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454014\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}