{"id":608617,"date":"2023-10-06T09:24:14","date_gmt":"2023-10-06T03:54:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=608617"},"modified":"2023-10-06T10:58:26","modified_gmt":"2023-10-06T05:28:26","slug":"oil-prices-drop-further-as-uncertain-demand-outlook-weighs-opec","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-further-as-uncertain-demand-outlook-weighs-opec\/","title":{"rendered":"Oil prices drop further as uncertain demand outlook weighs OPEC+"},"content":{"rendered":"<p>Oil prices dropped on Thursday, extending the previous session&#8217;s sharp losses as an uncertain demand outlook overshadowed an OPEC+ panel meeting deciding to maintain oil output cuts to keep supply tight. <\/p>\n<p>Brent crude oil futures had fallen 65 cents to $85.16 a barrel by 1245 GMT, while U.S. West Texas Intermediate crude futures were 75 cents lower at $83.47. Both benchmarks fell by more than $1 in earlier trading. <\/p>\n<p>&#8220;Currently economic malaise is in the forefront of thinking and is the main price driver. The strong dollar, sluggish equity markets and rising bond yields are souring investor&#8217;s sentiment in energy,&#8221; said Tamas Varga of oil broker PVM in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped on Thursday, extending the previous session&#8217;s sharp losses as an uncertain demand outlook overshadowed an OPEC+ panel meeting deciding to maintain oil output cuts to keep supply tight. Brent crude oil futures had fallen 65 cents to $85.16 a barrel by 1245 GMT, while U.S. West Texas Intermediate crude futures were 75 cents lower at $83.47. Both benchmarks fell by more than $1 in earlier trading. &#8220;Currently economic malaise is in the forefront of thinking and is the main price driver. The strong dollar, sluggish equity markets and rising bond yields are souring investor&#8217;s sentiment in energy,&#8221; [&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-608617","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\/608617","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=608617"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608617\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=608617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=608617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=608617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}