{"id":344798,"date":"2020-04-02T10:35:12","date_gmt":"2020-04-02T05:05:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344798"},"modified":"2020-04-02T10:35:12","modified_gmt":"2020-04-02T05:05:12","slug":"oil-surges-as-trump-talks-up-hopes-for-truce-in-saudi-russia-price-war","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-surges-as-trump-talks-up-hopes-for-truce-in-saudi-russia-price-war\/","title":{"rendered":"Oil surges as Trump talks up hopes for truce in Saudi-Russia price war"},"content":{"rendered":"<p>MELBOURNE: Crude oilNSE -4.11 % futures jumped nearly 5 per cent in early trading on Thursday after US. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war.<\/p>\n<p>Brent crude futures rose 4 per cent, or $1, to $25.74 as of 0118 GMT, after touching a high of $25.89.<br \/>\nUS. West Texas Intermediate (WTI) crude futures were up 3.7 per cent or 75 cents, at $21.06, after hitting a high of $21.47.<\/p>\n<p>Trump said at a news conference the oil industry had been &#8220;ravaged&#8221;, with oil prices having plummeted to 18-year lows amid a battle for market share between Saudi Arabia and Russia and fuel demand being slammed by the coronavirus pandemic. He said he expected the pair would &#8220;work it out over the next few days&#8221; after talking to both countries&#8217; leaders<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Crude oilNSE -4.11 % futures jumped nearly 5 per cent in early trading on Thursday after US. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war. Brent crude futures rose 4 per cent, or $1, to $25.74 as of 0118 GMT, after touching a high of $25.89. US. West Texas Intermediate (WTI) crude futures were up 3.7 per cent or 75 cents, at $21.06, after hitting a high of $21.47. Trump said at a news conference the oil industry had been &#8220;ravaged&#8221;, with [&hellip;]<\/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":[130,191,136],"tags":[],"class_list":["post-344798","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344798","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=344798"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344798\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}