{"id":278231,"date":"2019-06-12T06:42:01","date_gmt":"2019-06-12T06:42:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278231"},"modified":"2019-06-12T06:46:45","modified_gmt":"2019-06-12T06:46:45","slug":"oil-rises-on-stronger-financial-markets-expectations-of-extended-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-stronger-financial-markets-expectations-of-extended-supply-cuts\/","title":{"rendered":"Oil rises on stronger financial markets, expectations of extended supply cuts"},"content":{"rendered":"<p>Singapore: Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer goup OPEC and its allies will keep withholding supply.<\/p>\n<p>Front-month Brent crude futures, the international benchmark for oil prices, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday&#8217;s close.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures were at $53.85 per barrel, 59 cents, or 1.1%, above their last settlement.<\/p>\n<p>Prices fell by around 1% in the previous session and crude futures are down by some 20% from their 2019 peaks in late April, dragged lower by a widespread economic downturn that has started to impact oil consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore: Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer goup OPEC and its allies will keep withholding supply. Front-month Brent crude futures, the international benchmark for oil prices, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday&#8217;s close. U.S. West Texas Intermediate (WTI) crude futures were at $53.85 per barrel, 59 cents, or 1.1%, above their last settlement. Prices fell by around 1% in the previous session and crude futures are down by some 20% from their 2019 peaks in late April, dragged lower by a widespread economic [&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-278231","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\/278231","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=278231"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278231\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}