{"id":355159,"date":"2020-06-03T10:12:39","date_gmt":"2020-06-03T04:42:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355159"},"modified":"2020-06-03T10:18:51","modified_gmt":"2020-06-03T04:48:51","slug":"oil-prices-increase-ahead-of-opec-meeting-on-extended-output-cuts-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-increase-ahead-of-opec-meeting-on-extended-output-cuts-2\/","title":{"rendered":"Oil prices increase ahead of Opec+ meeting on extended output cuts"},"content":{"rendered":"<p>Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. <\/p>\n<p>Brent crude futures rose 0.94 per cent, or 36 cents, to $38.68 a barrel as of 0630 GMT. <\/p>\n<p>West Texas Intermediate (WTI) crude futures rose 0.73 per cent, or 26 cents, to $35.70 a barrel. <\/p>\n<p>Brent has doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, a grouping dubbed OPEC+. <\/p>\n<p>Both Brent and WTI prices, however, are still down about 40 per cent for the year so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Brent crude futures rose 0.94 per cent, or 36 cents, to $38.68 a barrel as of 0630 GMT. West Texas Intermediate (WTI) crude futures rose 0.73 per cent, or 26 cents, to $35.70 a barrel. Brent has doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, a grouping dubbed OPEC+. Both Brent and WTI [&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":[135,130,169],"tags":[],"class_list":["post-355159","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355159","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=355159"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355159\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}