{"id":648334,"date":"2025-09-30T11:14:59","date_gmt":"2025-09-30T05:44:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=648334"},"modified":"2025-09-30T11:14:59","modified_gmt":"2025-09-30T05:44:59","slug":"oil-prices-drop-more-than-3-as-opec-plans-for-oil-output-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-more-than-3-as-opec-plans-for-oil-output-hike\/","title":{"rendered":"Oil prices drop more than 3% as OPEC plans for oil output hike"},"content":{"rendered":"<p>HOUSTON (Reuters) -Oil prices fell by nearly 3.5% on Monday as OPEC plans for another increase to oil output in November and the resumption of oil exports by Iraq&#8217;s Kurdistan region via Turkey raised the global supply outlook.<\/p>\n<p>Brent crude futures dropped $2.42, or 3.5%, to $67.71 a barrel by 11:33 a.m. ET (1533 GMT) after settling at their highest since July 31 on Friday. U.S. West Texas Intermediate crude was down $2.42, or 3.7%, at $63.32.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HOUSTON (Reuters) -Oil prices fell by nearly 3.5% on Monday as OPEC plans for another increase to oil output in November and the resumption of oil exports by Iraq&#8217;s Kurdistan region via Turkey raised the global supply outlook. Brent crude futures dropped $2.42, or 3.5%, to $67.71 a barrel by 11:33 a.m. ET (1533 GMT) after settling at their highest since July 31 on Friday. U.S. West Texas Intermediate crude was down $2.42, or 3.7%, at $63.32.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-648334","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/648334","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=648334"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/648334\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=648334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=648334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=648334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}