{"id":340078,"date":"2020-03-03T10:32:19","date_gmt":"2020-03-03T05:02:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340078"},"modified":"2020-03-03T10:50:00","modified_gmt":"2020-03-03T05:20:00","slug":"oil-rises-over-4-on-hopes-of-opec-cut-and-stimulus-amid-virus-gloom","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-over-4-on-hopes-of-opec-cut-and-stimulus-amid-virus-gloom\/","title":{"rendered":"Oil rises over 4% on hopes of OPEC cut and stimulus amid virus gloom"},"content":{"rendered":"<p>Oil prices rose over 4 per cent on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak. <\/p>\n<p>Brent crude futures gained $2.23, or 4.5 per cent, to settle at $51.90 a barrel. The session low of $48.40 was its lowest since July 2017. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose $1.99, or 4.5 per cent, to settle at $46.75 a barrel. The session low of $43.32 a barrel was the lowest since December 2018. <\/p>\n<p>It was the first gain for both benchmarks after six sessions of losses triggered by worries about the coronavirus, which has killed nearly 3,000 people and roiled global markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose over 4 per cent on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak. Brent crude futures gained $2.23, or 4.5 per cent, to settle at $51.90 a barrel. The session low of $48.40 was its lowest since July 2017. US West Texas Intermediate (WTI) crude futures rose $1.99, or 4.5 per cent, to settle at $46.75 a barrel. The session low of $43.32 a barrel was the lowest since December 2018. It [&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-340078","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\/340078","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=340078"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340078\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}