{"id":267912,"date":"2019-04-04T05:14:38","date_gmt":"2019-04-04T05:14:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267912"},"modified":"2019-04-04T05:14:38","modified_gmt":"2019-04-04T05:14:38","slug":"oil-prices-rise-for-fourth-day-approaches-70","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-for-fourth-day-approaches-70\/","title":{"rendered":"Oil prices rise for fourth day, approaches $70"},"content":{"rendered":"<p>Tokyo: Oil prices rose for a fourth day on Wednesday, with support from OPEC-led supply cuts and U.S. sanctions overshadowing an industry report showing an unexpected rise in U.S. inventories last week. Brent futures rose 35 cents, or 0.5%, to $69.72 a barrel, after earlier reaching $69.87, the highest since November 12 and within touching distance of $70.<\/p>\n<p>US West Texas Intermediate crude rose 22 cents, or 0.4%, to $62.80 cents a barrel, earlier rising to $62.90, the highest since November 7.<\/p>\n<p>&#8220;The production cuts by OPEC plus are providing a nice backdrop here for higher prices and until we see U.S. production reassert itself, the easier move is higher for oil,&#8221; said Edward Moya, senior market analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tokyo: Oil prices rose for a fourth day on Wednesday, with support from OPEC-led supply cuts and U.S. sanctions overshadowing an industry report showing an unexpected rise in U.S. inventories last week. Brent futures rose 35 cents, or 0.5%, to $69.72 a barrel, after earlier reaching $69.87, the highest since November 12 and within touching distance of $70. US West Texas Intermediate crude rose 22 cents, or 0.4%, to $62.80 cents a barrel, earlier rising to $62.90, the highest since November 7. &#8220;The production cuts by OPEC plus are providing a nice backdrop here for higher prices and until we [&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-267912","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\/267912","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=267912"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267912\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}