{"id":276144,"date":"2019-05-27T06:30:20","date_gmt":"2019-05-27T06:30:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276144"},"modified":"2019-05-27T06:41:24","modified_gmt":"2019-05-27T06:41:24","slug":"oil-prices-stable-amid-opec-supply-cuts-us-china-trade-war-drags","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-stable-amid-opec-supply-cuts-us-china-trade-war-drags\/","title":{"rendered":"Oil prices stable amid OPEC supply cuts; US-China trade war drags"},"content":{"rendered":"<p>Oil prices were stable on Monday amid ongoing supply cuts by producer club OPEC, although markets remained tense amid concerns the Sino-US trade war could trigger a broad economic slowdown.<\/p>\n<p>Front-month Brent crude futures, the international benchmark for oil prices, were at $68.79 per barrel at 0247 GMT, up 10 cents, or 0.2 per cent , from their last close.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures were at $58.54 per barrel, 9 cents below their last settlement.<\/p>\n<p>\u201cThe relative strength of the very short-end of the (price) curve likely reflects the market pricing in a known variable of lower supplies from OPEC+,\u201d said Edward Bell, commodity analyst at Emirates NBD bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were stable on Monday amid ongoing supply cuts by producer club OPEC, although markets remained tense amid concerns the Sino-US trade war could trigger a broad economic slowdown. Front-month Brent crude futures, the international benchmark for oil prices, were at $68.79 per barrel at 0247 GMT, up 10 cents, or 0.2 per cent , from their last close. US West Texas Intermediate (WTI) crude futures were at $58.54 per barrel, 9 cents below their last settlement. \u201cThe relative strength of the very short-end of the (price) curve likely reflects the market pricing in a known variable of lower [&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-276144","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276144","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=276144"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276144\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}