{"id":538228,"date":"2022-11-24T10:58:06","date_gmt":"2022-11-24T05:28:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=538228"},"modified":"2022-11-24T12:43:35","modified_gmt":"2022-11-24T07:13:35","slug":"oil-prices-climb-on-big-drop-in-us-crude-stocks-russia-supply-uncertainty","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-on-big-drop-in-us-crude-stocks-russia-supply-uncertainty\/","title":{"rendered":"Oil prices climb on big drop in US crude stocks, Russia supply uncertainty"},"content":{"rendered":"<p>Oil prices rose in early trade on Wednesday after industry data showed US crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. <\/p>\n<p>Brent crude futures gained 25 cents, or 0.3 per cent, to $88.61 a barrel at 0101 GMT, while US West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4 per cent, to $81.30 a barrel. <\/p>\n<p>Both benchmark contracts rose about 1 per cent in the previous session as the United Arab Emirates, Kuwait, Iraq and Algeria reinforced comments from Saudi Arabia&#8217;s energy minister that the Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, were not considering boosting oil output. OPEC+ next meets to review output on December 4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose in early trade on Wednesday after industry data showed US crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. Brent crude futures gained 25 cents, or 0.3 per cent, to $88.61 a barrel at 0101 GMT, while US West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4 per cent, to $81.30 a barrel. Both benchmark contracts rose about 1 per cent in the previous session as the United Arab Emirates, Kuwait, Iraq and Algeria reinforced comments from Saudi [&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-538228","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\/538228","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=538228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538228\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=538228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=538228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=538228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}