{"id":336065,"date":"2020-02-05T11:18:28","date_gmt":"2020-02-05T05:48:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336065"},"modified":"2020-02-05T11:37:00","modified_gmt":"2020-02-05T06:07:00","slug":"oil-prices-rebound-fuelled-by-hopes-for-opec-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rebound-fuelled-by-hopes-for-opec-supply-cuts\/","title":{"rendered":"Oil prices rebound, fuelled by hopes for OPEC+ supply cuts"},"content":{"rendered":"<p>Oil prices clawed back ground on Tuesday, rising 1 per cent after the previous session&#8217;s slump, amid hopes for new production curbs by OPEC and its allies to offset any drop in future fuel demand that might be triggered by China&#8217;s coronavirus outbreak.<\/p>\n<p>Brent crude was at $54.93 a barrel by 0615 GMT, up 48 cents, or nearly 0.9 per cent, while US West Texas Intermediate (WTI) crude was up 57 cents, or over 1 per cent, at $50.68 a barrel.<\/p>\n<p>Despite Tuesday&#8217;s gains, an extended slide over the last two weeks on concern over the global economic impact of the coronavirus means prices are still close to 20 per cent lower than this year&#8217;s peak on January 8. Monday&#8217;s drop left crude prices at their lowest in more than a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices clawed back ground on Tuesday, rising 1 per cent after the previous session&#8217;s slump, amid hopes for new production curbs by OPEC and its allies to offset any drop in future fuel demand that might be triggered by China&#8217;s coronavirus outbreak. Brent crude was at $54.93 a barrel by 0615 GMT, up 48 cents, or nearly 0.9 per cent, while US West Texas Intermediate (WTI) crude was up 57 cents, or over 1 per cent, at $50.68 a barrel. Despite Tuesday&#8217;s gains, an extended slide over the last two weeks on concern over the global economic impact of [&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-336065","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336065","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=336065"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336065\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}