{"id":305056,"date":"2019-12-11T11:39:50","date_gmt":"2019-12-11T06:09:50","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305056"},"modified":"2019-12-11T11:53:50","modified_gmt":"2019-12-11T06:23:50","slug":"oil-rises-but-us-china-trade-war-weighs-on-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-but-us-china-trade-war-weighs-on-demand-outlook\/","title":{"rendered":"Oil rises but US-China trade war weighs on demand outlook"},"content":{"rendered":"<p>Oil prices inched up on Tuesday as the Organisation of the Petroleum Exporting Countries\u2019 (OPEC) deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but United States (US)-China trade tensions clouded the demand outlook. <\/p>\n<p>Brent crude settled up 9 cents at $64.34 a barrel, and West Texas Intermediate (WTI) oil rose 22 cents, or 0.4 per cent, to $59.24 a barrel. <\/p>\n<p>The benchmarks fell 0.2 per cent and 0.3 per cent, respectively, on Monday. <\/p>\n<p>Last week, the OPEC and associated producers like Russia agreed to deepen output cuts from 1.2 million barrels per day (bpd) to 1.7 million bpd to support prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices inched up on Tuesday as the Organisation of the Petroleum Exporting Countries\u2019 (OPEC) deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but United States (US)-China trade tensions clouded the demand outlook. Brent crude settled up 9 cents at $64.34 a barrel, and West Texas Intermediate (WTI) oil rose 22 cents, or 0.4 per cent, to $59.24 a barrel. The benchmarks fell 0.2 per cent and 0.3 per cent, respectively, on Monday. Last week, the OPEC and associated producers like Russia agreed to deepen output cuts from 1.2 [&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-305056","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305056","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=305056"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305056\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}