{"id":346080,"date":"2020-04-09T10:24:20","date_gmt":"2020-04-09T04:54:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346080"},"modified":"2020-04-09T10:43:16","modified_gmt":"2020-04-09T05:13:16","slug":"oil-rallies-as-deal-takes-shape-before-key-meeting","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rallies-as-deal-takes-shape-before-key-meeting\/","title":{"rendered":"Oil rallies as deal takes shape before key meeting"},"content":{"rendered":"<p>Oil prices extended gains Thursday after Russia signalled it was ready to cut output before a key producers\u2019 meeting aimed at boosting energy markets as the coronavirus pandemic strangles demand.<\/p>\n<p>US benchmark West Texas Intermediate rose 4.6 per cent to $26.26 a barrel, while Brent crude, the international benchmark, jumped 2.7 per cent to $33.73.<\/p>\n<p>Oil exporting group OPEC, led by top producer Saudi Arabia, and others &#8212; including Russia &#8212; will meet via video conference later Thursday and expectations are growing they will agree to reduce output to support prices.<\/p>\n<p>Prices are at near-two-decade lows with travel restrictions and lockdowns around the world throttling demand, and Riyadh and Moscow locked in a vicious price war.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended gains Thursday after Russia signalled it was ready to cut output before a key producers\u2019 meeting aimed at boosting energy markets as the coronavirus pandemic strangles demand. US benchmark West Texas Intermediate rose 4.6 per cent to $26.26 a barrel, while Brent crude, the international benchmark, jumped 2.7 per cent to $33.73. Oil exporting group OPEC, led by top producer Saudi Arabia, and others &#8212; including Russia &#8212; will meet via video conference later Thursday and expectations are growing they will agree to reduce output to support prices. Prices are at near-two-decade lows with travel restrictions and [&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":[130],"tags":[],"class_list":["post-346080","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346080","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=346080"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346080\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}