{"id":341184,"date":"2020-03-11T10:45:18","date_gmt":"2020-03-11T05:15:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341184"},"modified":"2020-03-11T10:45:18","modified_gmt":"2020-03-11T05:15:18","slug":"oil-prices-rise-4-after-biggest-one-day-fall-since-1991","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-4-after-biggest-one-day-fall-since-1991\/","title":{"rendered":"Oil prices rise 4% after biggest one-day fall since 1991"},"content":{"rendered":"<p>Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand.<\/p>\n<p>Saudi Arabia and Russia both said they would raise production at the weekend after a three-year pact between them and other major oil producers to limit supply fell apart on Friday.<\/p>\n<p>Brent crude futures rose $1.41, or 4.1%, to $35.77 a barrel by 0034 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.25, or 4%, to $32.38 a barrel following declines of nearly 25 percent on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. Saudi Arabia and Russia both said they would raise production at the weekend after a three-year pact between them and other major oil producers to limit supply fell apart on Friday. Brent crude futures rose $1.41, or 4.1%, to $35.77 a barrel by 0034 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.25, or [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-341184","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341184","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341184"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341184\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}