{"id":356407,"date":"2020-06-09T12:01:22","date_gmt":"2020-06-09T06:31:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356407"},"modified":"2020-06-09T12:24:17","modified_gmt":"2020-06-09T06:54:17","slug":"oil-prices-rise-on-opec-cuts-record-china-imports","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-opec-cuts-record-china-imports\/","title":{"rendered":"Oil prices rise on OPEC+ cuts, record China imports"},"content":{"rendered":"<p>Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China\u2019s crude imports hit an all-time high in May.<\/p>\n<p>Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while US West Texas Intermediate (WTI) crude rose 32 cents, or 0.8%, to $39.87 a barrel.<\/p>\n<p>Both hit their highest since March 6 earlier in the session, at $43.41 and $40.44, respectively. <\/p>\n<p>Brent has nearly doubled since the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies \u2013 collectively known as OPEC+ \u2013 agreed in April to cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China\u2019s crude imports hit an all-time high in May. Brent crude was up 51 cents, or 1.2%, at $42.81 per barrel, by 0628 GMT, while US West Texas Intermediate (WTI) crude rose 32 cents, or 0.8%, to $39.87 a barrel. Both hit their highest since March 6 earlier in the session, at $43.41 and $40.44, respectively. Brent has nearly doubled since the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies \u2013 collectively known as 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":[130],"tags":[],"class_list":["post-356407","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356407","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=356407"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356407\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}