{"id":277427,"date":"2019-06-04T05:40:10","date_gmt":"2019-06-04T05:40:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277427"},"modified":"2019-06-04T05:50:08","modified_gmt":"2019-06-04T05:50:08","slug":"oil-prices-fall-amid-economic-slowdown-despite-ongoing-opec-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-amid-economic-slowdown-despite-ongoing-opec-supply-cuts\/","title":{"rendered":"Oil prices fall amid economic slowdown, despite ongoing OPEC supply cuts"},"content":{"rendered":"<p>Oil prices were pressured on Tuesday by an economic slowdown that has started to impact fuel consumption, although some support came from a Saudi Arabian statement that consensus was emerging with other producers over extending supply cuts.<\/p>\n<p>Front-month Brent crude futures were at $61.06 at 0200 GMT. That was 22 cents, or 0.4 per cent , below last session&#8217;s close.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were at $53.08 per barrel, down 17 cents, or 0.3 per cent , from their last settlement.<\/p>\n<p>Oil futures are around 20 per cent below 2019 peaks reached in late April, with falls in May the sharpest monthly declines since November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were pressured on Tuesday by an economic slowdown that has started to impact fuel consumption, although some support came from a Saudi Arabian statement that consensus was emerging with other producers over extending supply cuts. Front-month Brent crude futures were at $61.06 at 0200 GMT. That was 22 cents, or 0.4 per cent , below last session&#8217;s close. U.S. West Texas Intermediate (WTI) crude futures were at $53.08 per barrel, down 17 cents, or 0.3 per cent , from their last settlement. Oil futures are around 20 per cent below 2019 peaks reached in late April, with falls [&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-277427","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277427","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=277427"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277427\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}