{"id":262677,"date":"2019-03-06T06:14:56","date_gmt":"2019-03-06T06:14:56","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262677"},"modified":"2019-03-06T06:22:01","modified_gmt":"2019-03-06T06:22:01","slug":"oil-skids-as-china-cuts-growth-target-but-opec-led-cuts-support","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-skids-as-china-cuts-growth-target-but-opec-led-cuts-support\/","title":{"rendered":"Oil skids as China cuts growth target, but OPEC-led cuts support"},"content":{"rendered":"<p>Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.<\/p>\n<p>US West Texas Intermediate (WTI) crude oil futures were at $56.31 per barrel at 0740 GMT, down 28 cents, or 0.5 per cent, from their last settlement. Brent crude futures were at $65.37 per barrel, down 30 cents, or 0.5 per cent.<\/p>\n<p>\u201cNear 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,\u201d said energy analysts at economic research firm TS Lombard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. US West Texas Intermediate (WTI) crude oil futures were at $56.31 per barrel at 0740 GMT, down 28 cents, or 0.5 per cent, from their last settlement. Brent crude futures were at $65.37 per barrel, down 30 cents, or 0.5 per cent. \u201cNear 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 [&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],"tags":[],"class_list":["post-262677","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262677","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=262677"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262677\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}