{"id":286680,"date":"2019-08-08T06:19:08","date_gmt":"2019-08-08T06:19:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286680"},"modified":"2019-08-08T06:19:08","modified_gmt":"2019-08-08T06:19:08","slug":"oil-rises-on-expectations-producers-may-cut-supply-after-4-slump","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-expectations-producers-may-cut-supply-after-4-slump\/","title":{"rendered":"Oil rises on expectations producers may cut supply after 4% slump"},"content":{"rendered":"<p>Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous session, on expectations that lower prices may lead to production cuts.<\/p>\n<p>Brent crude had rebounded to $57.75 a barrel, up $1.52, or 2.7%, from its last close by 0401 GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.51, or 2.96%, to $52.60 a barrel.<\/p>\n<p>Both contracts hit their lowest levels since January on Wednesday after a surprise build in US crude inventories added to worries that the China-US trade war could further dampen demand growth this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures jumped more than $1 a barrel on Thursday, recovering half of the nearly 5% losses in the previous session, on expectations that lower prices may lead to production cuts. Brent crude had rebounded to $57.75 a barrel, up $1.52, or 2.7%, from its last close by 0401 GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.51, or 2.96%, to $52.60 a barrel. Both contracts hit their lowest levels since January on Wednesday after a surprise build in US crude inventories added to worries that the China-US trade war could further dampen demand growth this year.<\/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-286680","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286680","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=286680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}