Oil prices slipped Friday as doubts grew over US President Donald Trump’s claim that Russia and Saudi Arabia planned to end their price war, a day after posting their biggest ever percent increase. <\/p>\n
US benchmark West Texas Intermediate was down 5.7 percent at $23.88 a barrel while Brent crude, the international benchmark, was off 2.7 percent at $29.11 a barrel. <\/p>\n
On Thursday, Brent had soared almost 46 percent a barrel while WTI jumped around 35 percent after Trump tweeted that Saudi Arabia and Russia could slash production by up to 15 million barrels to end a vicious price war. <\/p>\n
Oil markets have been in turmoil for weeks after top producer Riyadh cut prices amid a row with Moscow, and then demand all but evaporated due to lockdowns and travel restrictions to fight the spread of the coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices slipped Friday as doubts grew over US President Donald Trump’s claim that Russia and Saudi Arabia planned to end their price war, a day after posting their biggest ever percent increase. US benchmark West Texas Intermediate was down 5.7 percent at $23.88 a barrel while Brent crude, the international benchmark, was off 2.7 percent at $29.11 a barrel. On Thursday, Brent had soared almost 46 percent a barrel while WTI jumped around 35 percent after Trump tweeted that Saudi Arabia and Russia could slash production by up to 15 million barrels to end a vicious price war. Oil […]<\/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":[146,130,177],"tags":[],"class_list":["post-345357","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345357","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=345357"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345357\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}