{"id":347028,"date":"2020-04-16T11:39:00","date_gmt":"2020-04-16T06:09:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347028"},"modified":"2020-04-16T12:30:40","modified_gmt":"2020-04-16T07:00:40","slug":"oil-rebounds-in-asia-as-traders-weigh-output-cut-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rebounds-in-asia-as-traders-weigh-output-cut-deal\/","title":{"rendered":"Oil rebounds in Asia as traders weigh output cut deal"},"content":{"rendered":"<p>Oil rebounded in Asian trade Wednesday following sharp falls the day before, as doubts persist about whether a deal to cut output is enough to bolster coronavirus-hit prices. <\/p>\n<p>US benchmark West Texas Intermediate (WTI) was up 2.73 percent to $20.66 a barrel in morning trade after tumbling more than 10 percent in New York. <\/p>\n<p>A barrel of Brent crude, the international benchmark, was trading 1.49 percent higher at $30.04. <\/p>\n<p>Prices have crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between OPEC cartel kingpin Saudi Arabia and non-OPEC rival Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rebounded in Asian trade Wednesday following sharp falls the day before, as doubts persist about whether a deal to cut output is enough to bolster coronavirus-hit prices. US benchmark West Texas Intermediate (WTI) was up 2.73 percent to $20.66 a barrel in morning trade after tumbling more than 10 percent in New York. A barrel of Brent crude, the international benchmark, was trading 1.49 percent higher at $30.04. Prices have crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between OPEC cartel kingpin Saudi Arabia and non-OPEC [&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-347028","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\/347028","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=347028"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347028\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}