{"id":467730,"date":"2022-02-14T08:49:24","date_gmt":"2022-02-14T03:19:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467730"},"modified":"2022-02-14T09:14:47","modified_gmt":"2022-02-14T03:44:47","slug":"oil-prices-slip-on-hot-us-inflation-concerns-set-for-weekly-fall-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-on-hot-us-inflation-concerns-set-for-weekly-fall-2\/","title":{"rendered":"Oil prices slip on hot US inflation concerns, set for weekly fall"},"content":{"rendered":"<p>BEIJING (Reuters) -Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply.<\/p>\n<p>Brent crude futures fell 58 cents, or 0.6%, to $90.83 a barrel at 0730 GMT, while U.S. West Texas Intermediate crude declined 45 cents, or 0.5%, to $89.43 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 U.S. 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>BEIJING (Reuters) -Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Brent crude futures fell 58 cents, or 0.6%, to $90.83 a barrel at 0730 GMT, while U.S. West Texas Intermediate crude declined 45 cents, or 0.5%, to $89.43 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 [&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-467730","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\/467730","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=467730"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467730\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}