{"id":458109,"date":"2021-12-23T09:56:22","date_gmt":"2021-12-23T04:26:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=458109"},"modified":"2021-12-23T11:32:10","modified_gmt":"2021-12-23T06:02:10","slug":"oil-prices-steady-as-omicron-caution-lingers-amid-renewed-curbs-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-steady-as-omicron-caution-lingers-amid-renewed-curbs-2\/","title":{"rendered":"Oil prices steady as Omicron caution lingers amid renewed curbs"},"content":{"rendered":"<p>Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 12 cents, or 0.1%, to $71.24 a barrel at 0757 GMT after jumping 3.7% on Tuesday. <\/p>\n<p>Brent crude futures rose 1 cent, or 0.01%, to $73.99 a barrel after gaining 3.4% in the last session.<\/p>\n<p>&#8220;The bias is positive over optimistic updates from vaccine maker Moderna &#8230; however the upside looks limited as investors seem to be exercising caution over Omicron-related restrictions,&#8221; said Ajay Kedia, director at Kedia Commodities in Mumbai.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady on Wednesday, with market players on the lookout for fuel demand pointers amid COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures rose 12 cents, or 0.1%, to $71.24 a barrel at 0757 GMT after jumping 3.7% on Tuesday. Brent crude futures rose 1 cent, or 0.01%, to $73.99 a barrel after gaining 3.4% in the last session. &#8220;The bias is positive over optimistic updates from vaccine maker Moderna &#8230; however the upside looks limited as investors [&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-458109","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\/458109","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=458109"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/458109\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=458109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=458109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=458109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}