{"id":525689,"date":"2022-09-29T09:39:58","date_gmt":"2022-09-29T04:09:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525689"},"modified":"2022-09-29T10:04:19","modified_gmt":"2022-09-29T04:34:19","slug":"oil-prices-stabilise-as-soaring-dollar-offset-by-us-output-outages","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-stabilise-as-soaring-dollar-offset-by-us-output-outages\/","title":{"rendered":"Oil prices stabilise as soaring dollar offset by US output outages"},"content":{"rendered":"<p>Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian.<\/p>\n<p>Brent crude futures were up 5 cents, or 0.06%, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.1%, at $78.41 per barrel. Both contracts erased earlier falls after rising over 2% in the previous session.<\/p>\n<p>In the Gulf of Mexico, about 190,000 barrels per day of oil production, or 11% of the Gulf&#8217;s total, were shut-in due to Hurricane Ian, according to offshore regulator the Bureau of Safety and Environmental Enforcement (BSEE).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures were up 5 cents, or 0.06%, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.1%, at $78.41 per barrel. Both contracts erased earlier falls after rising over 2% in the previous session. In the Gulf of Mexico, about 190,000 barrels per day of oil production, or 11% of the Gulf&#8217;s total, were shut-in due to Hurricane Ian, according [&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-525689","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\/525689","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=525689"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525689\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}