{"id":528451,"date":"2022-10-11T09:40:25","date_gmt":"2022-10-11T04:10:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=528451"},"modified":"2022-10-11T10:24:36","modified_gmt":"2022-10-11T04:54:36","slug":"oil-price-steadies-as-supply-tightness-duels-with-recession-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-price-steadies-as-supply-tightness-duels-with-recession-fears\/","title":{"rendered":"Oil price steadies as supply tightness duels with recession fears"},"content":{"rendered":"<p>Oil prices steadied on Monday, recovering from earlier losses, as investors weighed potentially tight supply against economic storm clouds that could foreshadow a global recession and erosion of fuel demand.<\/p>\n<p>Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT.<\/p>\n<p>West Texas Intermediate crude for November delivery declined by as much as 1.1% but was last at $92.62, down 2 cents.<\/p>\n<p>The Organization of the Petroleum Exporting Countries and allies including Russia, together known as OPEC+, decided last week to lower their output target by 2 million barrels per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices steadied on Monday, recovering from earlier losses, as investors weighed potentially tight supply against economic storm clouds that could foreshadow a global recession and erosion of fuel demand. Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT. West Texas Intermediate crude for November delivery declined by as much as 1.1% but was last at $92.62, down 2 cents. The Organization of the Petroleum Exporting Countries and allies including Russia, together known as OPEC+, decided last week to lower their [&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-528451","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\/528451","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=528451"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/528451\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=528451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=528451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=528451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}