{"id":342378,"date":"2020-03-19T11:00:06","date_gmt":"2020-03-19T05:30:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342378"},"modified":"2020-03-19T11:00:06","modified_gmt":"2020-03-19T05:30:06","slug":"oil-rollercoaster-has-crude-rebounding-after-drop-to-18-year-low","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rollercoaster-has-crude-rebounding-after-drop-to-18-year-low\/","title":{"rendered":"Oil rollercoaster has crude rebounding after drop to 18-year low"},"content":{"rendered":"<p>Oil rebounded in early Asian trading after plunging to the lowest level in 18 years as the market grapples with a double whammy of collapsing demand and an impending supply flood.<\/p>\n<p>Futures rose as much as 18% in New York, the most since December 2008, following a 24% rout in the previous session. The European Central Bank has unleashed an emergency bond-buying program as policy makers around the world take steps to strengthen their economies against the impact of the coronavirus, which has curbed travel and closed entire regions across the globe.<\/p>\n<p>While Russia and the Saudis are set to swamp the market with crude, the Kremlin said it would prefer higher prices after Iraq, OPEC\u2019s second-biggest producer, urged the cartel and its former allies to convene a meeting to consider steps to re-balance the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rebounded in early Asian trading after plunging to the lowest level in 18 years as the market grapples with a double whammy of collapsing demand and an impending supply flood. Futures rose as much as 18% in New York, the most since December 2008, following a 24% rout in the previous session. The European Central Bank has unleashed an emergency bond-buying program as policy makers around the world take steps to strengthen their economies against the impact of the coronavirus, which has curbed travel and closed entire regions across the globe. While Russia and the Saudis are set to [&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-342378","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\/342378","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=342378"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342378\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}