{"id":459235,"date":"2021-12-30T09:38:44","date_gmt":"2021-12-30T04:08:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459235"},"modified":"2021-12-30T10:05:56","modified_gmt":"2021-12-30T04:35:56","slug":"oil-prices-climb-towards-80-per-barrel-on-tight-supply-stocks-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-towards-80-per-barrel-on-tight-supply-stocks-fall\/","title":{"rendered":"Oil prices climb towards $80 per barrel on tight supply; stocks fall"},"content":{"rendered":"<p>Oil prices edged towards $80 per barrel on Wednesday as global supply outages and declining US inventories offset worries that rising Covid cases might reduce demand.<\/p>\n<p>Brent crude rose to as much as $79.20 a barrel earlier before retreating to trade flat on the day at $78.01 a barrel by 1055 GMT. US West Texas Intermediate crude edged 13 cents lower to $75.85 a barrel, having climbed to $76.17. <\/p>\n<p>Both contracts are trading near their highest levels in a month, aided by the strength in global equities.<\/p>\n<p>&#8220;Markets are overwhelmingly pricing in the latest coronavirus variant as a milder incarnation, despite its easier contractibility,&#8221; said OANDA Analyst Jeffrey Halley in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged towards $80 per barrel on Wednesday as global supply outages and declining US inventories offset worries that rising Covid cases might reduce demand. Brent crude rose to as much as $79.20 a barrel earlier before retreating to trade flat on the day at $78.01 a barrel by 1055 GMT. US West Texas Intermediate crude edged 13 cents lower to $75.85 a barrel, having climbed to $76.17. Both contracts are trading near their highest levels in a month, aided by the strength in global equities. &#8220;Markets are overwhelmingly pricing in the latest coronavirus variant as a milder incarnation, [&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-459235","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\/459235","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=459235"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459235\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}