{"id":462846,"date":"2022-01-20T10:27:29","date_gmt":"2022-01-20T04:57:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462846"},"modified":"2022-01-20T12:23:14","modified_gmt":"2022-01-20T06:53:14","slug":"oil-prices-ease-from-2014-high-supply-concerns-limit-losses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-ease-from-2014-high-supply-concerns-limit-losses\/","title":{"rendered":"Oil prices ease from 2014 high, supply concerns limit losses"},"content":{"rendered":"<p>SINGAPORE: Oil NSE -0.40 % prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.<\/p>\n<p>Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark touched $89.13 a barrel in the last session, its highest since October 2014.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures gave up 96 cents, or 1.1%, to stand at $86 a barrel.<\/p>\n<p>&#8220;The International Energy Agency said global oil demand is on track to hit pre-pandemic levels,&#8221; analysts at ANZ bank said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil NSE -0.40 % prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits. Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark touched $89.13 a barrel in the last session, its highest since October 2014. U.S. West Texas Intermediate (WTI) crude futures gave up 96 cents, or 1.1%, to stand at $86 a barrel. &#8220;The International Energy Agency said global oil demand is [&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":[130,191,136],"tags":[],"class_list":["post-462846","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\/462846","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=462846"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462846\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}