{"id":347938,"date":"2020-04-23T10:36:10","date_gmt":"2020-04-23T05:06:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347938"},"modified":"2020-04-23T10:43:38","modified_gmt":"2020-04-23T05:13:38","slug":"oil-rises-for-second-day-as-producers-trim-output-to-respond-to-demand-loss","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-for-second-day-as-producers-trim-output-to-respond-to-demand-loss\/","title":{"rendered":"Oil rises for second day as producers trim output to respond to demand loss"},"content":{"rendered":"<p>Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world&#8217;s economies. <\/p>\n<p>Brent crude was up 33 cents, or 1.6%, at $20.70 a barrel by 0254 GMT after rising more than 5% on Wednesday. <\/p>\n<p>U.S. West Texas Intermediate (WTI) futures were up 28 cents, or more than 2%, at $14.06 a barrel, having risen around a fifth in the previous session. U.S. crude futures fell to below minus $40 on Monday on concerns that buyers were running out of storage space to take deliveries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world&#8217;s economies. Brent crude was up 33 cents, or 1.6%, at $20.70 a barrel by 0254 GMT after rising more than 5% on Wednesday. U.S. West Texas Intermediate (WTI) futures were up 28 cents, or more than 2%, at $14.06 a barrel, having risen around a fifth in the previous session. U.S. crude futures fell to below minus $40 on Monday on concerns that buyers were running out of storage space to take [&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-347938","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347938","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=347938"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347938\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}