{"id":618996,"date":"2023-11-23T12:21:38","date_gmt":"2023-11-23T06:51:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=618996"},"modified":"2023-11-23T13:32:21","modified_gmt":"2023-11-23T08:02:21","slug":"oil-prices-dip-in-pre-thanksgiving-trade-ahead-of-opec-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-dip-in-pre-thanksgiving-trade-ahead-of-opec-cuts\/","title":{"rendered":"Oil prices dip in pre-Thanksgiving trade ahead of OPEC+ cuts"},"content":{"rendered":"<p>Oil prices slipped slightly on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks. <\/p>\n<p>Brent crude futures fell 52 cents to $81.93 a barrel by 0946 GMT. U.S. West Texas Intermediate crude futures were down 49 cents to $77.28. <\/p>\n<p>Both benchmarks have fallen for four straight weeks, and prices weakened further last week on growing concerns about the demand outlook. <\/p>\n<p>Investors remained cautious ahead of Sunday\u2019s scheduled OPEC+ meeting, when the producer group may discuss deepening supply cuts due to slowing global economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped slightly on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks. Brent crude futures fell 52 cents to $81.93 a barrel by 0946 GMT. U.S. West Texas Intermediate crude futures were down 49 cents to $77.28. Both benchmarks have fallen for four straight weeks, and prices weakened further last week on growing concerns about the demand outlook. Investors remained cautious ahead of Sunday\u2019s scheduled OPEC+ meeting, when the producer group may discuss deepening supply [&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":[130,195,138],"tags":[],"class_list":["post-618996","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/618996","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=618996"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/618996\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=618996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=618996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=618996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}