{"id":363187,"date":"2020-07-17T11:02:31","date_gmt":"2020-07-17T05:32:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363187"},"modified":"2020-07-17T11:02:31","modified_gmt":"2020-07-17T05:32:31","slug":"oil-prices-ease-after-opec-agrees-to-taper-oil-supply-curbs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-ease-after-opec-agrees-to-taper-oil-supply-curbs\/","title":{"rendered":"Oil prices ease after OPEC+ agrees to taper oil supply curbs"},"content":{"rendered":"<p>Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift US demand pick-up after a big drawdown from the country&#8217;s crude stocks.<\/p>\n<p>Brent crude fell 33 cents, or 0.8%, to $43.46 a barrel by 0646 GMT, and US West Texas Intermediate (WTI) crude dropped 42 cents, or 1.0%, to $40.78 a barrel. Prices rose 2% the previous day, helped by the US crude inventories drop.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift US demand pick-up after a big drawdown from the country&#8217;s crude stocks. Brent crude fell 33 cents, or 0.8%, to $43.46 a barrel by 0646 GMT, and US West Texas Intermediate (WTI) crude dropped 42 cents, or 1.0%, to $40.78 a barrel. Prices rose 2% the previous day, helped by the US crude inventories drop. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-363187","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363187","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363187"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363187\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}