{"id":456936,"date":"2021-12-18T09:40:26","date_gmt":"2021-12-18T04:10:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=456936"},"modified":"2021-12-18T10:39:41","modified_gmt":"2021-12-18T05:09:41","slug":"oil-prices-head-for-weekly-loss-on-omicron-variant-uncertainty","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-head-for-weekly-loss-on-omicron-variant-uncertainty\/","title":{"rendered":"Oil prices head for weekly loss on Omicron variant uncertainty"},"content":{"rendered":"<p>Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel de-mand. Brent crude futures fell $1.48, or 1.97 per cent, to $73.54 a barrel at 8.40 pm (IST), while US West Texas Intermediate (WTI) crude futures dropped $1.45, or 2 per cent, to $70.93 a barrel. <\/p>\n<p>Brent and WTI are both headed for a 1.4 per cent loss this week. <\/p>\n<p>\u201cMessages of caution and warnings of a worsening Covid wave are starting to ring louder with the approach of the year-end holiday season, dampening market sentiment,\u201d said Vandana Hari, energy analyst at Vanda Insights. \u201cCrude may remain in a holding pattern.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel de-mand. Brent crude futures fell $1.48, or 1.97 per cent, to $73.54 a barrel at 8.40 pm (IST), while US West Texas Intermediate (WTI) crude futures dropped $1.45, or 2 per cent, to $70.93 a barrel. Brent and WTI are both headed for a 1.4 per cent loss this week. \u201cMessages of caution and warnings of a worsening Covid wave are starting to ring louder with the approach of the year-end [&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-456936","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\/456936","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=456936"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/456936\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=456936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=456936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=456936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}