{"id":267100,"date":"2019-03-30T05:03:16","date_gmt":"2019-03-30T05:03:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267100"},"modified":"2019-03-30T05:03:16","modified_gmt":"2019-03-30T05:03:16","slug":"oil-set-for-best-quarter-in-almost-a-decade-on-opec-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-set-for-best-quarter-in-almost-a-decade-on-opec-supply-cuts\/","title":{"rendered":"Oil set for best quarter in almost a decade on OPEC supply cuts"},"content":{"rendered":"<p>Singapore: Oil headed for its best quarter in almost 10 years as the OPEC+ coalition\u2019s production cuts and the loss of barrels due to US sanctions on Iran and Venezuela countered a cloudy demand outlook.<\/p>\n<p>Futures rose as much 0.7% in New York and are set for a fourth weekly gain. Crude rallied with Asian stocks Friday after Federal Reserve Bank of New York President John Williams downplayed the chances of a recession in the world\u2019s largest economy. The market shrugged off a tweet by US President Donald Trump saying oil prices are \u201cgetting too high&#8221; to finish up on Thursday.<\/p>\n<p>Oil has clawed back most of its losses in the final quarter of 2018 as Saudi Arabia led the Organization of the Petroleum Exporting Countries and its allies in squeezing supplies to prevent a glut. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore: Oil headed for its best quarter in almost 10 years as the OPEC+ coalition\u2019s production cuts and the loss of barrels due to US sanctions on Iran and Venezuela countered a cloudy demand outlook. Futures rose as much 0.7% in New York and are set for a fourth weekly gain. Crude rallied with Asian stocks Friday after Federal Reserve Bank of New York President John Williams downplayed the chances of a recession in the world\u2019s largest economy. The market shrugged off a tweet by US President Donald Trump saying oil prices are \u201cgetting too high&#8221; to finish up on [&hellip;]<\/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-267100","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\/267100","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=267100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}