{"id":467571,"date":"2022-02-11T10:29:52","date_gmt":"2022-02-11T04:59:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467571"},"modified":"2022-02-11T11:21:33","modified_gmt":"2022-02-11T05:51:33","slug":"oil-prices-slip-on-hot-us-inflation-concerns-set-for-weekly-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-on-hot-us-inflation-concerns-set-for-weekly-fall\/","title":{"rendered":"Oil prices slip on hot US inflation concerns, set for weekly fall"},"content":{"rendered":"<p>Oil prices eased on Friday as hot US inflation fanned worries about aggressive interest rate hikes and investors await the outcome of US-Iran talks that could lead to increased global crude supply. <\/p>\n<p>Brent crude futures fell 25 cents, or 0.3%, to $91.16 a barrel at 0345 GMT, while US West Texas Intermediate crude declined 15 cents, or 0.2%, to $89.73 a barrel.<\/p>\n<p>The benchmark oil prices are also in line for their first weekly decline after seven consecutive weekly gains, though both contracts had earlier climbed to a seven-year high. <\/p>\n<p>&#8220;Yesterday&#8217;s inflation number likely puts more pressure on the US Fed to act more aggressively with rate hikes. This expectation is weighing on oil and the broader commodities complex somewhat,&#8221; said Warren Patterson, ING&#8217;s head of commodities research.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices eased on Friday as hot US inflation fanned worries about aggressive interest rate hikes and investors await the outcome of US-Iran talks that could lead to increased global crude supply. Brent crude futures fell 25 cents, or 0.3%, to $91.16 a barrel at 0345 GMT, while US West Texas Intermediate crude declined 15 cents, or 0.2%, to $89.73 a barrel. The benchmark oil prices are also in line for their first weekly decline after seven consecutive weekly gains, though both contracts had earlier climbed to a seven-year high. &#8220;Yesterday&#8217;s inflation number likely puts more pressure on the US [&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-467571","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\/467571","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=467571"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467571\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}