{"id":305052,"date":"2019-12-11T11:38:21","date_gmt":"2019-12-11T06:08:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305052"},"modified":"2019-12-11T11:53:17","modified_gmt":"2019-12-11T06:23:17","slug":"brent-may-stay-range-bound-in-q1-risks-loom-in-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-may-stay-range-bound-in-q1-risks-loom-in-2020\/","title":{"rendered":"Brent may stay range-bound in Q1; risks loom in 2020"},"content":{"rendered":"<p>Last week\u2019s OPEC+ decision to cut output by a further 500,000 barrels a day during the first quarter of 2020 \u2013 in addition to the existing cut of 1.2 million barrels a day \u2013 has not had the big bang impact on the crude oil prices that one would normally associate with an announcement of this type. On Friday, Brent jumped close to $ 65 a barrel but later corrected to $64. <\/p>\n<p>The decision to take the aggregate production cut to 1.7 million barrel a day for the next three months means that the demand supply fundamentals would obviously tighten slightly, but not tight enough to boost prices dramatically.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week\u2019s OPEC+ decision to cut output by a further 500,000 barrels a day during the first quarter of 2020 \u2013 in addition to the existing cut of 1.2 million barrels a day \u2013 has not had the big bang impact on the crude oil prices that one would normally associate with an announcement of this type. On Friday, Brent jumped close to $ 65 a barrel but later corrected to $64. The decision to take the aggregate production cut to 1.7 million barrel a day for the next three months means that the demand supply fundamentals would obviously tighten [&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-305052","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305052","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=305052"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305052\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}