{"id":456212,"date":"2021-12-15T11:24:41","date_gmt":"2021-12-15T05:54:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=456212"},"modified":"2021-12-15T12:19:08","modified_gmt":"2021-12-15T06:49:08","slug":"oil-prices-fall-amid-concerns-on-renewed-restrictions-over-omicron-spread","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-amid-concerns-on-renewed-restrictions-over-omicron-spread\/","title":{"rendered":"Oil prices fall amid concerns on renewed restrictions over Omicron spread"},"content":{"rendered":"<p>Oil prices fell on Tuesday due to investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases.<\/p>\n<p>Brent crude oil futures eased by 34 cents, or 0.5%, to $74.05 a barrel by 0401 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell by 35 cents, or 0.5%, to $70.94. <\/p>\n<p>&#8220;Energy traders don&#8217;t want to bet against OPEC+ but all the short-term risks from Omicron to Fed tightening is proving to be very disruptive to the short-term outlook for oil prices,&#8221; said Edward Moya, senior analyst at OANDA.<\/p>\n<p>&#8220;The virus spread across Europe is delivering a bigger hit than expected and when you calculate family gatherings for the holidays, the short-term outlook could get slashed over the next month.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday due to investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases. Brent crude oil futures eased by 34 cents, or 0.5%, to $74.05 a barrel by 0401 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell by 35 cents, or 0.5%, to $70.94. &#8220;Energy traders don&#8217;t want to bet against OPEC+ but all the short-term risks from Omicron to Fed tightening is proving to be very disruptive to the short-term outlook for oil prices,&#8221; said Edward Moya, senior analyst at OANDA. &#8220;The virus spread [&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-456212","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\/456212","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=456212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/456212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=456212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=456212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=456212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}