{"id":345067,"date":"2020-04-03T11:26:12","date_gmt":"2020-04-03T05:56:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345067"},"modified":"2020-04-03T11:26:39","modified_gmt":"2020-04-03T05:56:39","slug":"global-crude-prices-jump-on-hopes-of-reduction-in-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-crude-prices-jump-on-hopes-of-reduction-in-output\/","title":{"rendered":"Global crude prices jump on hopes of reduction in output"},"content":{"rendered":"<p>NEW DELHI : After crashing to the lowest level since 2002, global oil prices rose on Thursday following US President Donald Trump\u2019s tweet on the likelihood of a production cut of 10-15 million barrels per day (mbpd) by Saudi Arabia and Russia.<\/p>\n<p>The international benchmark Brent hit $32.86 per barrel on Thursday, and was trading at $28.57 per barrel. The West Texas Intermediate also rose and was trading at $24.73 per barrel. Oil prices had touched an all-time high of $147 per barrel in July 2008.<\/p>\n<p>\u201cJust spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, and I expect and hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil and gas industry!&#8221; Trump said in a tweet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : After crashing to the lowest level since 2002, global oil prices rose on Thursday following US President Donald Trump\u2019s tweet on the likelihood of a production cut of 10-15 million barrels per day (mbpd) by Saudi Arabia and Russia. The international benchmark Brent hit $32.86 per barrel on Thursday, and was trading at $28.57 per barrel. The West Texas Intermediate also rose and was trading at $24.73 per barrel. Oil prices had touched an all-time high of $147 per barrel in July 2008. \u201cJust spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with [&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-345067","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\/345067","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=345067"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345067\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}