{"id":306146,"date":"2019-12-18T10:40:57","date_gmt":"2019-12-18T05:10:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306146"},"modified":"2019-12-18T11:12:55","modified_gmt":"2019-12-18T05:42:55","slug":"easing-us-china-tensions-opecs-production-cut-may-lift-crude-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/easing-us-china-tensions-opecs-production-cut-may-lift-crude-oil-prices\/","title":{"rendered":"Easing US-China tensions, OPEC&#8217;s production cut may lift crude oil prices"},"content":{"rendered":"<p>Oil prices rose 1% on Tuesday, supported by hopes the U.S.-China trade deal will bolster oil demand in 2020 after a prolonged dispute between the world&#8217;s two largest economies dented global market sentiment. <\/p>\n<p>The Phase 1 agreement between the United States and China has been &#8220;absolutely completed,&#8221; Larry Kudlow, a top White House adviser, said on Monday, adding that U.S. exports to China will double under the deal. <\/p>\n<p>Brent crude futures gained 70 cents, or 1.1%, to $66.04 a barrel by 11:20 a.m. EST (1620 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 68 cents, or 1.1%, to $60.89 a barrel. <\/p>\n<p>&#8220;Oil prices are cautiously higher as the market wants to see action and not just promises on the U.S.-China trade agreement,&#8221; Phil Flynn, an analyst at Price Futures Group in Chicago, said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose 1% on Tuesday, supported by hopes the U.S.-China trade deal will bolster oil demand in 2020 after a prolonged dispute between the world&#8217;s two largest economies dented global market sentiment. The Phase 1 agreement between the United States and China has been &#8220;absolutely completed,&#8221; Larry Kudlow, a top White House adviser, said on Monday, adding that U.S. exports to China will double under the deal. Brent crude futures gained 70 cents, or 1.1%, to $66.04 a barrel by 11:20 a.m. EST (1620 GMT). U.S. West Texas Intermediate (WTI) crude futures rose 68 cents, or 1.1%, to $60.89 [&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":[135,130,169],"tags":[],"class_list":["post-306146","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306146","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=306146"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306146\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}