{"id":481432,"date":"2022-04-02T08:42:41","date_gmt":"2022-04-02T03:12:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=481432"},"modified":"2022-04-02T09:05:26","modified_gmt":"2022-04-02T03:35:26","slug":"oil-prices-fall-as-iea-members-meet-to-discuss-stocks-release","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-iea-members-meet-to-discuss-stocks-release\/","title":{"rendered":"Oil prices fall as IEA members meet to discuss stocks release"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release by the United States.<\/p>\n<p>Brent crude futures were down 71 cents, or 0.7%, to $104.00 a barrel by 0952 GMT, after falling 5.6% on Thursday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were down 92 cents, or 0.9%, at $99.36 a barrel.<\/p>\n<p>The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively.<\/p>\n<p>On Thursday, U.S. President Joe Biden announced a release of 1 million barrels per day for six months, starting in May. That will be the largest release ever from the U.S. Strategic Petroleum Reserve (SPR).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release by the United States. Brent crude futures were down 71 cents, or 0.7%, to $104.00 a barrel by 0952 GMT, after falling 5.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures were down 92 cents, or 0.9%, at $99.36 a barrel. The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively. On Thursday, U.S. President Joe Biden announced [&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-481432","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\/481432","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=481432"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/481432\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=481432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=481432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=481432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}