{"id":305520,"date":"2019-12-13T11:22:57","date_gmt":"2019-12-13T05:52:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305520"},"modified":"2019-12-13T11:33:41","modified_gmt":"2019-12-13T06:03:41","slug":"oil-prices-gain-as-opec-revises-deficit-forecast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-as-opec-revises-deficit-forecast\/","title":{"rendered":"Oil prices gain as OPEC revises deficit forecast"},"content":{"rendered":"<p>Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in United States (US) crude inventories.<\/p>\n<p>Brent futures rose 24 cents, or 0.4 per cent to $63.96 a barrel by 0242 GMT, after skidding 1 per cent on Wednesday on the US stocks build-up.<\/p>\n<p>West Texas Intermediate crude was down 10 cents, or 0.2 per cent, at $58.85 a barrel, following a 0.8 per cent drop the previous session.<\/p>\n<p>The Organisation of the Petroleum Exporting Countries (OPEC) on Wednesday said it now expected a small deficit in the oil market in the next year, suggesting the market is tighter than previously thought &#8211; even before the latest pact with other producers to curb supply takes effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in United States (US) crude inventories. Brent futures rose 24 cents, or 0.4 per cent to $63.96 a barrel by 0242 GMT, after skidding 1 per cent on Wednesday on the US stocks build-up. West Texas Intermediate crude was down 10 cents, or 0.2 per cent, at $58.85 a barrel, following a 0.8 per cent drop the previous session. The Organisation of the Petroleum Exporting Countries (OPEC) on Wednesday [&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-305520","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305520","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=305520"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305520\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}