{"id":263138,"date":"2019-03-08T06:37:09","date_gmt":"2019-03-08T06:37:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263138"},"modified":"2019-03-08T06:37:09","modified_gmt":"2019-03-08T06:37:09","slug":"oil-edges-up-on-venezuela-and-iran-sanctions-opec-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-up-on-venezuela-and-iran-sanctions-opec-supply-cuts\/","title":{"rendered":"Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts"},"content":{"rendered":"<p>Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and US sanctions against exporters Venezuela and Iran, but gains were capped by record US crude output and rising commercial fuel inventories.<\/p>\n<p>Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 per cent, from their last close. US West Texas Intermediate (WTI) crude oil futures were at $56.24 per barrel, up 2 cents.<\/p>\n<p>Prices are being supported by efforts led by the Organisation of the Petroleum Exporting Countries (OPEC) and other countries &#8211; a grouping known as &#8216;OPEC+&#8217; &#8211; to withhold around 1.2 million barrels per day (bpd) of oil, a strategy aimed at tightening markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and US sanctions against exporters Venezuela and Iran, but gains were capped by record US crude output and rising commercial fuel inventories. Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 per cent, from their last close. US West Texas Intermediate (WTI) crude oil futures were at $56.24 per barrel, up 2 cents. Prices are being supported by efforts led by the Organisation of the Petroleum Exporting Countries (OPEC) and other countries &#8211; a grouping known as &#8216;OPEC+&#8217; &#8211; to withhold around [&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-263138","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263138","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=263138"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263138\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}