{"id":345983,"date":"2020-04-08T11:22:40","date_gmt":"2020-04-08T05:52:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345983"},"modified":"2020-04-08T11:55:18","modified_gmt":"2020-04-08T06:25:18","slug":"oil-rebounds-as-hopes-grow-for-output-cut-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rebounds-as-hopes-grow-for-output-cut-deal\/","title":{"rendered":"Oil rebounds as hopes grow for output cut deal"},"content":{"rendered":"<p>Oil prices rebounded Wednesday as traders jockey for position ahead of a key producers&#8217; meeting this week aimed at cutting output to support coronavirus-hit energy markets. <\/p>\n<p>US benchmark West Texas Intermediate was up 5.7 percent to $24.98 a barrel in morning Asian trade. <\/p>\n<p>A barrel of Brent, the international benchmark, was changing hands at $32.69 a barrel, up 2.5 percent. <\/p>\n<p>The rise was also in part driven by traders buying at bargain prices, following sharp falls overnight, analysts said. <\/p>\n<p>Producers from the OPEC cartel and non-member countries are scheduled to meet via video conference on Thursday, with output cuts high on the agenda to combat massive oversupply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded Wednesday as traders jockey for position ahead of a key producers&#8217; meeting this week aimed at cutting output to support coronavirus-hit energy markets. US benchmark West Texas Intermediate was up 5.7 percent to $24.98 a barrel in morning Asian trade. A barrel of Brent, the international benchmark, was changing hands at $32.69 a barrel, up 2.5 percent. The rise was also in part driven by traders buying at bargain prices, following sharp falls overnight, analysts said. Producers from the OPEC cartel and non-member countries are scheduled to meet via video conference on Thursday, with output cuts high [&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":[146,130,177],"tags":[],"class_list":["post-345983","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\/345983","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=345983"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345983\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}