{"id":539703,"date":"2022-12-01T09:41:08","date_gmt":"2022-12-01T04:11:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539703"},"modified":"2022-12-01T10:21:48","modified_gmt":"2022-12-01T04:51:48","slug":"oil-up-over-2-on-tighter-supply-but-likelihood-of-opec-talks-limit-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-up-over-2-on-tighter-supply-but-likelihood-of-opec-talks-limit-gains\/","title":{"rendered":"Oil up over $2 on tighter supply but likelihood of OPEC+ talks limit gains"},"content":{"rendered":"<p>Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.<\/p>\n<p>But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains.<\/p>\n<p>Brent crude futures rose $2.22, or 2.67% to $85.25 per barrel by 1340 GMT. The more active February Brent crude contract rose by 3.35% to $87.07.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures climbed $2.68, or 3.43%, to $80.88.<\/p>\n<p>Support followed expectations of tighter crude supply.<\/p>\n<p>U.S. crude oil stocks dropped by 7.9 million barrels in the week ended Nov. 25, according to market sources citing American Petroleum Institute figures on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains. Brent crude futures rose $2.22, or 2.67% to $85.25 per barrel by 1340 GMT. The more active February Brent crude contract rose by 3.35% to $87.07. U.S. West Texas Intermediate (WTI) crude futures climbed $2.68, or 3.43%, to $80.88. Support followed expectations of tighter crude supply. U.S. crude oil stocks dropped by 7.9 million barrels in the week ended Nov. 25, [&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-539703","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\/539703","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=539703"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539703\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}