{"id":541099,"date":"2022-12-06T10:12:34","date_gmt":"2022-12-06T04:42:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=541099"},"modified":"2022-12-06T10:57:41","modified_gmt":"2022-12-06T05:27:41","slug":"oil-prices-rise-after-opec-keeps-output-steady-russian-price-cap-imposed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-after-opec-keeps-output-steady-russian-price-cap-imposed\/","title":{"rendered":"Oil prices rise after OPEC+ keeps output steady, Russian price cap imposed"},"content":{"rendered":"<p>Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude.<\/p>\n<p>At the same time, in a positive sign for fuel demand in the world&#8217;s top oil importer, more Chinese cities eased COVID-19 curbs over the weekend.<\/p>\n<p>While prices rose as much as 2% earlier in the day, both the Brent and U.S. West Texas Intermediate (WTI) contracts have since pared some gains.<\/p>\n<p>Brent crude futures were last up $1.51, or 1.8%, to $87.08 a barrel at 0945 GMT, while WTI crude futures gained $1.40, also 1.8%, to $81.38 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. At the same time, in a positive sign for fuel demand in the world&#8217;s top oil importer, more Chinese cities eased COVID-19 curbs over the weekend. While prices rose as much as 2% earlier in the day, both the Brent and U.S. West Texas Intermediate (WTI) contracts have since pared some gains. Brent crude futures were last up $1.51, or 1.8%, to $87.08 a barrel at 0945 GMT, while WTI [&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-541099","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\/541099","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=541099"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/541099\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=541099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=541099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=541099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}