{"id":346523,"date":"2020-04-13T12:45:27","date_gmt":"2020-04-13T07:15:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346523"},"modified":"2020-04-13T12:45:27","modified_gmt":"2020-04-13T07:15:27","slug":"oil-edges-higher-after-historic-opec-deal-to-cut-production","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-after-historic-opec-deal-to-cut-production\/","title":{"rendered":"Oil edges higher after historic OPEC+ deal to cut production"},"content":{"rendered":"<p>Oil edged higher after swinging wildly in early trading as investors weighed whether an historic deal by the world\u2019s biggest producers to cut output would be enough to steady a market pummeled by the coronavirus.<\/p>\n<p>Futures in London rose as much as 8% but quickly erased those gains as markets opened following a three-day break. The OPEC+ alliance agreed to a plan to slash production by 9.7 million barrels a day starting in May, ending a price war between Saudi Arabia and Russia. The producer group reached a deal following days of intense negotiations after Mexico declined to endorse the original agreement reached Thursday.<\/p>\n<p>The U.S., Brazil and Canada will contribute another 3.7 million barrels on paper as their production declines, and other Group of 20 nations will cut an additional 1.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil edged higher after swinging wildly in early trading as investors weighed whether an historic deal by the world\u2019s biggest producers to cut output would be enough to steady a market pummeled by the coronavirus. Futures in London rose as much as 8% but quickly erased those gains as markets opened following a three-day break. The OPEC+ alliance agreed to a plan to slash production by 9.7 million barrels a day starting in May, ending a price war between Saudi Arabia and Russia. The producer group reached a deal following days of intense negotiations after Mexico declined to endorse the [&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-346523","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\/346523","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=346523"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346523\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}