{"id":356514,"date":"2020-06-10T10:10:48","date_gmt":"2020-06-10T04:40:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356514"},"modified":"2020-06-10T10:14:00","modified_gmt":"2020-06-10T04:44:00","slug":"brent-is-likely-to-find-support-in-june-in-the-range-of-35-40-barrel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-is-likely-to-find-support-in-june-in-the-range-of-35-40-barrel\/","title":{"rendered":"Brent is likely to find support in June in the range of $35-40\/barrel"},"content":{"rendered":"<p>A faster-than-expected recovery in oil demand and the decision by top oil producers to extend production cuts have given the oil market a much-needed shot in the arm. However, the sector remains bloated with oil stocks, flush with spare capacity, and replete with producers eager to pump again. A fully-fledged recovery remains premature. <\/p>\n<p>OPEC and its allies, led by Russia, sent all the right signals at their latest meeting, suggesting the grouping has a handle on Covid-19-induced volatility. The pact, known as OPEC+, agreed to roll over its deep production cuts \u2013 amounting to around 10 per cent of global supply \u2013 that it had in place for May and June through to July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A faster-than-expected recovery in oil demand and the decision by top oil producers to extend production cuts have given the oil market a much-needed shot in the arm. However, the sector remains bloated with oil stocks, flush with spare capacity, and replete with producers eager to pump again. A fully-fledged recovery remains premature. OPEC and its allies, led by Russia, sent all the right signals at their latest meeting, suggesting the grouping has a handle on Covid-19-induced volatility. The pact, known as OPEC+, agreed to roll over its deep production cuts \u2013 amounting to around 10 per cent of global [&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-356514","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\/356514","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=356514"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356514\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}