{"id":341857,"date":"2020-03-13T12:11:05","date_gmt":"2020-03-13T06:41:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341857"},"modified":"2020-03-13T12:45:43","modified_gmt":"2020-03-13T07:15:43","slug":"oil-sinks-on-saudi-move-as-equities-lose-early-puff-on-virus-fear","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-sinks-on-saudi-move-as-equities-lose-early-puff-on-virus-fear\/","title":{"rendered":"Oil sinks on Saudi move as equities lose early puff on virus fear"},"content":{"rendered":"<p>Oil prices tumbled on Wednesday after Saudi Arabia dialled up its price war by hiking production by one million barrels a day, while a rally in equities went into reverse as investors nervously await a US coronavirus relief plan.<\/p>\n<p>Markets had been showing signs of much-needed stability in early trade following two days of wild gyrations, thanks to a pledge by US President Donald Trump to unveil measures to counter the effects of the disease on the world&#8217;s biggest economy.<\/p>\n<p>Crude had provided support, rising for a second day after Monday&#8217;s meltdown that marked the commodity&#8217;s worst selloff since the 1991 Gulf War.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices tumbled on Wednesday after Saudi Arabia dialled up its price war by hiking production by one million barrels a day, while a rally in equities went into reverse as investors nervously await a US coronavirus relief plan. Markets had been showing signs of much-needed stability in early trade following two days of wild gyrations, thanks to a pledge by US President Donald Trump to unveil measures to counter the effects of the disease on the world&#8217;s biggest economy. Crude had provided support, rising for a second day after Monday&#8217;s meltdown that marked the commodity&#8217;s worst selloff since the [&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":[130,211,144],"tags":[],"class_list":["post-341857","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341857","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=341857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}