{"id":526298,"date":"2022-10-01T09:40:35","date_gmt":"2022-10-01T04:10:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=526298"},"modified":"2022-10-01T09:52:17","modified_gmt":"2022-10-01T04:22:17","slug":"oil-set-for-weekly-gain-as-dollar-weakens-opec-considers-output-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-set-for-weekly-gain-as-dollar-weakens-opec-considers-output-cut\/","title":{"rendered":"Oil set for weekly gain as dollar weakens, OPEC+ considers output cut"},"content":{"rendered":"<p>Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5.<\/p>\n<p>Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.89%, to $81.95.<\/p>\n<p>Brent and WTI contracts rose by more than $1 earlier in the session and are poised for a weekly gain of about 4%. It would be the first weekly rise since August and follow nine-month lows hit earlier in the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07%, to $89.44 a barrel by 0948 GMT. The more active December contract was up 81 cents at $87.99. U.S. West Texas Intermediate (WTI) crude futures rose 72 cents, or 0.89%, to $81.95. Brent and WTI contracts rose by more than $1 earlier in the session and are poised for [&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-526298","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\/526298","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=526298"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/526298\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=526298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=526298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=526298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}