{"id":349317,"date":"2020-05-02T11:54:37","date_gmt":"2020-05-02T06:24:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349317"},"modified":"2020-05-02T12:53:44","modified_gmt":"2020-05-02T07:23:44","slug":"oil-heads-north-as-output-cut-begins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-heads-north-as-output-cut-begins\/","title":{"rendered":"Oil heads north as output cut begins"},"content":{"rendered":"<p>Oil rose towards $27 a barrel on Friday as Opec and its allies began a record output cut to tackle a supply glut weighing on the market due to the coronavirus crisis. <\/p>\n<p>The global oil benchmark, Brent crude, has sunk by almost 60 per cent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and Opec and other producers pumped at will before reaching a new supply cut deal which began on Friday. <\/p>\n<p>Brent for July rose 37 cents, or 1.4 per cent, to $26.85 by noon. US crude for June added 83 cents, or 4.4 per cent, to $19.67. Both benchmarks rallied sharply on Thursday. Brent rose 12 per cent and US crude gained 25 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose towards $27 a barrel on Friday as Opec and its allies began a record output cut to tackle a supply glut weighing on the market due to the coronavirus crisis. The global oil benchmark, Brent crude, has sunk by almost 60 per cent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and Opec and other producers pumped at will before reaching a new supply cut deal which began on Friday. Brent for July rose 37 cents, or 1.4 per cent, to $26.85 by noon. US crude for June added 83 cents, [&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":[130,215,148],"tags":[],"class_list":["post-349317","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349317","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=349317"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349317\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}