{"id":455029,"date":"2021-12-09T09:06:05","date_gmt":"2021-12-09T03:36:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=455029"},"modified":"2021-12-09T10:08:15","modified_gmt":"2021-12-09T04:38:15","slug":"oil-price-steadies-as-investors-assess-omicron-variants-impact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-steadies-as-investors-assess-omicron-variants-impact\/","title":{"rendered":"Oil price steadies as investors assess Omicron variant&#8217;s impact"},"content":{"rendered":"<p>Oil prices edged up in choppy trade on Wednesday, maintaining a positive tone as investors have become less concerned that the Omicron coronavirus variant will have a dramatic effect on global economic growth and fuel demand.<\/p>\n<p>Brent crude futures rose by 46 cents, or 0.6%, to $75.91 a barrel at 12:54 p.m. EST (1754 GMT). U.S. West Texas Intermediate crude was at $72.52 a barrel, up 47 cents or 0.7%. <\/p>\n<p>Global benchmark Brent has rebounded by about 10% since Dec. 1 on the expectation that Omicron will only a limited impact on oil demand, after a 16% drop since Nov. 25. Early studies suggest that vaccinations against coronavirus are still effective against this variant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged up in choppy trade on Wednesday, maintaining a positive tone as investors have become less concerned that the Omicron coronavirus variant will have a dramatic effect on global economic growth and fuel demand. Brent crude futures rose by 46 cents, or 0.6%, to $75.91 a barrel at 12:54 p.m. EST (1754 GMT). U.S. West Texas Intermediate crude was at $72.52 a barrel, up 47 cents or 0.7%. Global benchmark Brent has rebounded by about 10% since Dec. 1 on the expectation that Omicron will only a limited impact on oil demand, after a 16% drop since Nov. [&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-455029","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\/455029","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=455029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/455029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=455029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=455029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=455029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}