{"id":341599,"date":"2020-03-12T11:41:06","date_gmt":"2020-03-12T06:11:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341599"},"modified":"2020-03-12T11:41:06","modified_gmt":"2020-03-12T06:11:06","slug":"falling-crude-to-lower-cad-by-25-bps-to-0-7-in-fy21-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/falling-crude-to-lower-cad-by-25-bps-to-0-7-in-fy21-report\/","title":{"rendered":"Falling crude to lower CAD by 25 bps to 0.7% in FY21: Report"},"content":{"rendered":"<p>Falling crude oil prices will help reduce current account deficit by 25 basis points to 0.7 per cent of the GDP in FY2021, says the Wall Street brokerage Bank of America Securities. Crude has fallen by over 45 per cent since the coronavirus outbreak in China since January, which has now spread to over 110 countries.<\/p>\n<p>Following Russia\u2019s decision not to cut production as suggested by the oil cartel Opec, Saudi Arabia has decided to up production and cut prices earlier this week, which led to a steep 30 per cent plunge in crude prices on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Falling crude oil prices will help reduce current account deficit by 25 basis points to 0.7 per cent of the GDP in FY2021, says the Wall Street brokerage Bank of America Securities. Crude has fallen by over 45 per cent since the coronavirus outbreak in China since January, which has now spread to over 110 countries. Following Russia\u2019s decision not to cut production as suggested by the oil cartel Opec, Saudi Arabia has decided to up production and cut prices earlier this week, which led to a steep 30 per cent plunge in crude prices on Monday.<\/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":[130,195,138],"tags":[],"class_list":["post-341599","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341599","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=341599"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341599\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}