{"id":304426,"date":"2019-12-06T11:21:55","date_gmt":"2019-12-06T05:51:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=304426"},"modified":"2019-12-06T11:38:21","modified_gmt":"2019-12-06T06:08:21","slug":"oil-dips-as-opec-weighs-deeper-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-as-opec-weighs-deeper-output-cuts\/","title":{"rendered":"Oil dips as OPEC weighs deeper output cuts"},"content":{"rendered":"<p>Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session&#8217;s steep gains on a sharp drop in US crude inventories and expectations of more output cuts.<\/p>\n<p>Brent crude futures dipped 10 cents, or 0.2 per cent, to $62.90 a barrel by 0112 GMT. Brent surged 3.6 per cent on Wednesday. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.4 per cent, to $58.21 a barrel. They settled up 4.2 per cent on Wednesday.<\/p>\n<p>Prices are now back roughly to the levels of a week ago, before they plunged on a lack of progress on resolving a 17-month-old US-China trade war that has hit global growth and demand for oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged lower in muted trading on Thursday ahead of the start of OPEC meetings later in the day, steadying after the previous session&#8217;s steep gains on a sharp drop in US crude inventories and expectations of more output cuts. Brent crude futures dipped 10 cents, or 0.2 per cent, to $62.90 a barrel by 0112 GMT. Brent surged 3.6 per cent on Wednesday. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.4 per cent, to $58.21 a barrel. They settled up 4.2 per cent on Wednesday. Prices are now back roughly to the levels of a [&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-304426","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304426","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=304426"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/304426\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=304426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=304426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=304426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}