{"id":455031,"date":"2021-12-09T09:07:35","date_gmt":"2021-12-09T03:37:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=455031"},"modified":"2021-12-09T10:09:00","modified_gmt":"2021-12-09T04:39:00","slug":"oil-edges-higher-on-waning-fears-of-omicron-variants-effects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-on-waning-fears-of-omicron-variants-effects\/","title":{"rendered":"Oil edges higher on waning fears of Omicron variant&#8217;s effects"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices ended higher in a back-and-forth session on Wednesday, maintaining a positive tone as investors no longer expect the Omicron coronavirus variant to derail global economic growth. <\/p>\n<p>Brent crude futures settled at $75.82, up 38 cents, or 0.5%. U.S. West Texas Intermediate crude ended at $72.36 a barrel, up 31 cents or 0.4%.<\/p>\n<p>Global benchmark Brent has rebounded by about 10% since Dec. 1 on the expectation that Omicron will have only a limited impact on oil demand, after a 16% drop since Nov. 25. Early studies suggest two shots of the Pfizer-BioNTech shot may protect only partially against Omicron, but a third dose<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices ended higher in a back-and-forth session on Wednesday, maintaining a positive tone as investors no longer expect the Omicron coronavirus variant to derail global economic growth. Brent crude futures settled at $75.82, up 38 cents, or 0.5%. U.S. West Texas Intermediate crude ended at $72.36 a barrel, up 31 cents or 0.4%. Global benchmark Brent has rebounded by about 10% since Dec. 1 on the expectation that Omicron will have only a limited impact on oil demand, after a 16% drop since Nov. 25. Early studies suggest two shots of the Pfizer-BioNTech shot may protect [&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-455031","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\/455031","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=455031"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/455031\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=455031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=455031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=455031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}