{"id":465905,"date":"2022-02-03T10:17:47","date_gmt":"2022-02-03T04:47:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465905"},"modified":"2022-02-03T11:18:49","modified_gmt":"2022-02-03T05:48:49","slug":"oil-prices-ease-as-opec-sticks-to-output-plans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-ease-as-opec-sticks-to-output-plans\/","title":{"rendered":"Oil prices ease as OPEC+ sticks to output plans"},"content":{"rendered":"<p>Oil prices eased on Thursday following weak US payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. <\/p>\n<p>Brent crude fell 37 cents, or 0.4 per cent, to $89.10 a barrel by 0127 GMT (0657 IST), after rising 31 cents on Wednesday. US West Texas Intermediate crude was down 54 cents, or 0.6 per cent, at $87.72 a barrel, having gained 6 cents the previous day.<\/p>\n<p>&#8220;This morning&#8217;s dip might be a result of the shockingly low US ADP employment print last night, but we believe the supply squeeze may drive oil prices higher through this year,&#8221; said Howie Lee, economist at OCBC in Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices eased on Thursday following weak US payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4 per cent, to $89.10 a barrel by 0127 GMT (0657 IST), after rising 31 cents on Wednesday. US West Texas Intermediate crude was down 54 cents, or 0.6 per cent, at $87.72 a barrel, having gained 6 cents the previous day. &#8220;This morning&#8217;s dip might be a result of the shockingly low US ADP employment print last night, but we believe the supply squeeze [&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":[146,130,177],"tags":[],"class_list":["post-465905","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465905","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=465905"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465905\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}