{"id":336016,"date":"2020-02-05T11:28:11","date_gmt":"2020-02-05T05:58:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336016"},"modified":"2020-02-05T11:28:11","modified_gmt":"2020-02-05T05:58:11","slug":"oil-gains-more-than-1-on-hopes-for-output-cuts-to-counter-china-virus-impact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-more-than-1-on-hopes-for-output-cuts-to-counter-china-virus-impact\/","title":{"rendered":"Oil gains more than 1% on hopes for output cuts to counter China virus impact"},"content":{"rendered":"<p>Oil prices climbed more than 1 per cent on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China&#8217;s fast-spreading coronavirus.<\/p>\n<p>Brent crude oil futures were up 74 cents, or 1.4 per cent, to $54.70 a barrel by 0326 GMT, while US West Texas Intermediate (WTI) crude futures were up 61 cents or 1.2 per cent to $50.22 a barrel.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, weighed the impact on global oil demand, and economic growth, of the coronavirus outbreak at a meeting on Tuesday, hearing from China&#8217;s envoy to the United Nations in Vienna.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed more than 1 per cent on Wednesday, boosted by news that OPEC and its producer allies are weighing further output cuts to counter a potential squeeze on global oil demand resulting from China&#8217;s fast-spreading coronavirus. Brent crude oil futures were up 74 cents, or 1.4 per cent, to $54.70 a barrel by 0326 GMT, while US West Texas Intermediate (WTI) crude futures were up 61 cents or 1.2 per cent to $50.22 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, weighed the impact on [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-336016","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336016","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336016"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336016\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}