{"id":460463,"date":"2022-01-05T10:39:55","date_gmt":"2022-01-05T05:09:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=460463"},"modified":"2022-01-05T12:32:54","modified_gmt":"2022-01-05T07:02:54","slug":"oil-climbs-above-80-as-opec-agrees-output-increase","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-above-80-as-opec-agrees-output-increase\/","title":{"rendered":"Oil climbs above $80 as OPEC+ agrees output increase"},"content":{"rendered":"<p>LONDON: Oil prices rose 2 per cent on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that Omicron would have only a mild impact on demand.<\/p>\n<p>Brent crude was up $1.50, or almost 2 per cent, at $80.48 a barrel by 1450 GMT and U.S. West Texas Intermediate (WTI) crude rose by $1.48, or 2 per cent, to $77.56.<\/p>\n<p>&#8220;The oil market is bullish today as a result of optimism sourced from today&#8217;s monthly OPEC+ meeting, which is helping oil prices trade higher,&#8221; said Rystad Energy&#8217;s head of oil markets, Bjornar Tonhaugen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices rose 2 per cent on Tuesday as OPEC+ producers agreed to stick with their planned increase for February based on indications that Omicron would have only a mild impact on demand. Brent crude was up $1.50, or almost 2 per cent, at $80.48 a barrel by 1450 GMT and U.S. West Texas Intermediate (WTI) crude rose by $1.48, or 2 per cent, to $77.56. &#8220;The oil market is bullish today as a result of optimism sourced from today&#8217;s monthly OPEC+ meeting, which is helping oil prices trade higher,&#8221; said Rystad Energy&#8217;s head of oil markets, Bjornar Tonhaugen.<\/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":[130,191,136],"tags":[],"class_list":["post-460463","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460463","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=460463"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460463\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=460463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=460463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=460463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}