{"id":525884,"date":"2022-09-29T11:09:36","date_gmt":"2022-09-29T05:39:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525884"},"modified":"2022-09-29T12:44:56","modified_gmt":"2022-09-29T07:14:56","slug":"oil-prices-stable-as-soaring-dollar-offset-by-us-output-outages","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-stable-as-soaring-dollar-offset-by-us-output-outages\/","title":{"rendered":"Oil prices stable 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 US production cuts caused by Hurricane Ian.<\/p>\n<p>Brent crude futures were up 5 cents, or 0.06 per cent, at $86.32 per barrel by 0937 GMT, while US West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.1 per cent, at $78.41 per barrel. Both contracts erased earlier falls after rising over 2 per cent in the previous session.<\/p>\n<p>In the Gulf of Mexico, about 190,000 barrels per day of oil production, or 11 per cent 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 US production cuts caused by Hurricane Ian. Brent crude futures were up 5 cents, or 0.06 per cent, at $86.32 per barrel by 0937 GMT, while US West Texas Intermediate (WTI) crude futures were down 9 cents, or 0.1 per cent, at $78.41 per barrel. Both contracts erased earlier falls after rising over 2 per cent in the previous session. In the Gulf of Mexico, about 190,000 barrels per day of oil production, or 11 per cent of the Gulf&#8217;s [&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-525884","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\/525884","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=525884"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525884\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}