{"id":276167,"date":"2019-05-27T07:01:59","date_gmt":"2019-05-27T07:01:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276167"},"modified":"2019-05-27T07:04:43","modified_gmt":"2019-05-27T07:04:43","slug":"oil-prices-stable-amid-opec-supply-cuts-but-us-china-trade-war-drags","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-stable-amid-opec-supply-cuts-but-us-china-trade-war-drags\/","title":{"rendered":"Oil prices stable amid OPEC supply cuts, but US-China trade war drags"},"content":{"rendered":"<p>SINGAPORE: Oil prices were stable on Monday amid ongoing supply cuts by producer club OPEC, although markets remained tense amid concerns the Sino-U.S. 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 percent, from their last close.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were at $58.54 per barrel, 9 cents below their last settlement.<\/p>\n<p>&#8220;The 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 ,&#8221; said Edward Bell, commodity analyst at Emirates NBD bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices were stable on Monday amid ongoing supply cuts by producer club OPEC, although markets remained tense amid concerns the Sino-U.S. 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 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $58.54 per barrel, 9 cents below their last settlement. &#8220;The relative strength of the very short-end of the (price) curve likely reflects the market pricing in a known variable of lower supplies [&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":[139,130,187],"tags":[],"class_list":["post-276167","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\/276167","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=276167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}