{"id":132931,"date":"2017-11-21T03:45:22","date_gmt":"2017-11-21T08:45:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=132931"},"modified":"2017-11-21T03:45:22","modified_gmt":"2017-11-21T08:45:22","slug":"oil-prices-decline-ahead-of-opec-meeting","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/21\/oil-prices-decline-ahead-of-opec-meeting\/","title":{"rendered":"Oil prices decline ahead of OPEC meeting"},"content":{"rendered":"<figure id=\"attachment_132935\" aria-describedby=\"caption-attachment-132935\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/11\/refuel-2157211_960_720-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-132935\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/11\/refuel-2157211_960_720-1.jpg\" alt=\"(Pixabay photo)\" width=\"960\" height=\"637\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/11\/refuel-2157211_960_720-1.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/11\/refuel-2157211_960_720-1-300x199.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/11\/refuel-2157211_960_720-1-768x510.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-132935\" class=\"wp-caption-text\">OPEC and other key\u00a0oil producers will meet on Nov. 30 to discuss whether to extend the current price-supporting curbs on crude output. (Pixabay photo)<\/figcaption><\/figure>\n<p><strong>NEW YORK<\/strong>\u00a0&#8212; Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting Countries) meeting next week.<\/p>\n<p>OPEC and other key oil producers will meet on Nov. 30 to discuss whether to extend the current price-supporting curbs on crude output.<\/p>\n<p>The group has been restraining output since the start of this year in a bid to end a global oversupply. It is widely expected that the agreement will be extended to cover the whole of next year.<\/p>\n<p>Meanwhile, a strong dollar dented market sentiment for the dollar-priced oil. The dollar index, which measures the greenback against six major peers, was up 0.40 percent at 94.038 in late trading.<\/p>\n<p>The West Texas Intermediate for December Delivery lost 0.46 dollar to settle at 56.09 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased 0.50 dollar to close at 62.22 dollars a barrel on the London ICE Futures Exchange<em><strong>.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK\u00a0&#8212; Oil prices declined on Monday as investors became cautious ahead of an OPEC (Organization of the Petroleum Exporting &hellip;<\/p>\n","protected":false},"author":33,"featured_media":132935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[20421,14450,19834,20419,34376],"class_list":["post-132931","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-london-ice-futures-exchange","tag-new-york-mercantile-exchange","tag-oil-prices","tag-organization-of-the-petroleum-exporting-countries","tag-west-texas-intermediate-for-december-delivery","mauthors-xinhua","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=132931"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/132931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/132935"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=132931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=132931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=132931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}