{"id":355037,"date":"2020-06-02T11:30:05","date_gmt":"2020-06-02T06:00:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355037"},"modified":"2020-06-02T11:52:03","modified_gmt":"2020-06-02T06:22:03","slug":"oil-prices-hold-ground-ahead-of-opec-meeting-on-extended-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hold-ground-ahead-of-opec-meeting-on-extended-output-cuts\/","title":{"rendered":"Oil prices hold ground ahead of OPEC+ meeting on extended output cuts"},"content":{"rendered":"<p>Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week. <\/p>\n<p>Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel as of 0011 GMT.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures traded in a 38 cent range on either side of Monday&#8217;s close, and last traded up 0.3%, or 9 cents, at $35.53 a barrel.<\/p>\n<p>Brent prices have doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and allies, including Russia, dubbed OPEC+. However, prices are still down about 40% for the year so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week. Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel as of 0011 GMT. U.S. West Texas Intermediate (WTI) crude futures traded in a 38 cent range on either side of Monday&#8217;s close, and last traded up 0.3%, or 9 cents, at $35.53 a barrel. Brent prices have doubled over the past six weeks, thanks to supply cuts by the Organization of the [&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-355037","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\/355037","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=355037"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355037\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}