{"id":298171,"date":"2019-10-28T11:26:42","date_gmt":"2019-10-28T05:56:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298171"},"modified":"2019-10-28T11:38:25","modified_gmt":"2019-10-28T06:08:25","slug":"oil-holds-steady-as-russia-reaffirms-commitment-to-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-steady-as-russia-reaffirms-commitment-to-output-cuts\/","title":{"rendered":"Oil holds steady as Russia reaffirms commitment to output cuts"},"content":{"rendered":"<p>Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. <\/p>\n<p>Brent crude was down 1 cent at $62.01 a barrel by 0055 GMT, having logged a weekly gain of more than 4 per cent last week, its best weekly gain since September 20. West Texas Intermediate (WTI) crude futures were down 4 cents at $56.62 a barrel, having risen more than 5 per cent last week, also the biggest weekly increase since September 20. <\/p>\n<p>Russia&#8217;s energy ministry said on Friday it is continuing close cooperation with Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers to enhance market stability and predictability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. Brent crude was down 1 cent at $62.01 a barrel by 0055 GMT, having logged a weekly gain of more than 4 per cent last week, its best weekly gain since September 20. West Texas Intermediate (WTI) crude futures were down 4 cents at $56.62 a barrel, having risen more than 5 per cent last week, also the biggest weekly increase since September 20. Russia&#8217;s energy ministry said [&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-298171","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298171","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=298171"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298171\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}