{"id":262378,"date":"2019-03-05T06:14:50","date_gmt":"2019-03-05T06:14:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262378"},"modified":"2019-03-05T06:14:50","modified_gmt":"2019-03-05T06:14:50","slug":"oil-dips-amid-weak-demand-growth-but-opec-led-supply-cuts-support","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-amid-weak-demand-growth-but-opec-led-supply-cuts-support\/","title":{"rendered":"Oil dips amid weak demand growth, but Opec-led supply cuts support"},"content":{"rendered":"<p>SINGAPORE: OilNSE 1.68 % prices dipped on Monday amid tepid prospects for growth in fuel demand, but OPEC-led efforts to cut output offered some support. <\/p>\n<p>US West Texas Intermediate (WTI) crude oil futures were at $56.46 per barrel at 0136 GMT, down 13 cents, or 0.2 per cent, from their last settlement. <\/p>\n<p>Brent crude futures were at $65.60 per barrel, down 7 cents, or 0.1 per cent. <\/p>\n<p>&#8220;Near term &#8230; it is hard to get very bullish on oil prices. The market is still working off the surpluses built in H2 2018, keeping OECD commercial inventories stuck above the five-year average,&#8221; said energy analysts at economic research firm TS Lombard. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: OilNSE 1.68 % prices dipped on Monday amid tepid prospects for growth in fuel demand, but OPEC-led efforts to cut output offered some support. US West Texas Intermediate (WTI) crude oil futures were at $56.46 per barrel at 0136 GMT, down 13 cents, or 0.2 per cent, from their last settlement. Brent crude futures were at $65.60 per barrel, down 7 cents, or 0.1 per cent. &#8220;Near term &#8230; it is hard to get very bullish on oil prices. The market is still working off the surpluses built in H2 2018, keeping OECD commercial inventories stuck above the five-year [&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":[130,191,136],"tags":[],"class_list":["post-262378","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262378","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=262378"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262378\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}