{"id":517895,"date":"2022-08-30T09:52:41","date_gmt":"2022-08-30T04:22:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=517895"},"modified":"2022-08-30T10:48:50","modified_gmt":"2022-08-30T05:18:50","slug":"oil-prices-slip-as-inflation-woes-outweigh-possible-opec-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-as-inflation-woes-outweigh-possible-opec-output-cuts\/","title":{"rendered":"Oil prices slip as inflation woes outweigh possible OPEC+ output cuts"},"content":{"rendered":"<p>Oil prices fell on Tuesday after notching their highest gains in more than a month in the previous session, as global inflation worries overshadowed the prospect of possible OPEC+ output cuts.<\/p>\n<p>Brent crude futures fell 39 cents, or 0.3%, to $104.70 a barrel by 0012 GMT after climbing 4.1% on Monday. U.S. West Texas Intermediate crude was at $96.79 a barrel, down 21 cents, or 0.2%, following a 4.2% rise in the previous session.<\/p>\n<p>Inflation is near double-digit territory in many of the world&#8217;s biggest economies, a level not seen in close to a half century, and investors are concerned that more aggressive interest rate hikes will follow from the United States and Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday after notching their highest gains in more than a month in the previous session, as global inflation worries overshadowed the prospect of possible OPEC+ output cuts. Brent crude futures fell 39 cents, or 0.3%, to $104.70 a barrel by 0012 GMT after climbing 4.1% on Monday. U.S. West Texas Intermediate crude was at $96.79 a barrel, down 21 cents, or 0.2%, following a 4.2% rise in the previous session. Inflation is near double-digit territory in many of the world&#8217;s biggest economies, a level not seen in close to a half century, and investors are concerned [&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-517895","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\/517895","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=517895"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517895\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=517895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=517895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=517895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}