{"id":656841,"date":"2025-12-20T09:35:43","date_gmt":"2025-12-20T04:05:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=656841"},"modified":"2025-12-20T09:35:43","modified_gmt":"2025-12-20T04:05:43","slug":"oil-posts-second-weekly-decline-as-glut-concerns-dominate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-posts-second-weekly-decline-as-glut-concerns-dominate\/","title":{"rendered":"Oil Posts Second Weekly Decline as Glut Concerns Dominate"},"content":{"rendered":"<p>(Bloomberg) &#8212; Oil declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. <\/p>\n<p>West Texas Intermediate gained 0.9% to settle above $56 a barrel on Friday. Still, the US benchmark was still down over 1% in a week that saw it touch its lowest point in nearly half a decade. Prices saw some support after Ukraine hit an oil tanker connected to Russia\u2019s shadow fleet in the Mediterranean Sea, a fresh escalation in a string of attacks on vessels aiding Moscow\u2019s oil exports. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; Oil declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply. West Texas Intermediate gained 0.9% to settle above $56 a barrel on Friday. Still, the US benchmark was still down over 1% in a week that saw it touch its lowest point in nearly half a decade. Prices saw some support after Ukraine hit an oil tanker connected to Russia\u2019s shadow fleet in the Mediterranean Sea, a fresh escalation in a string of attacks on vessels aiding Moscow\u2019s oil exports.<\/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-656841","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\/656841","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=656841"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/656841\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=656841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=656841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=656841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}