{"id":363315,"date":"2020-07-17T11:25:22","date_gmt":"2020-07-17T05:55:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363315"},"modified":"2020-07-17T11:56:45","modified_gmt":"2020-07-17T06:26:45","slug":"crude-oil-prices-steady-as-opec-deal-to-raise-output-faces-rising-economic-activity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-steady-as-opec-deal-to-raise-output-faces-rising-economic-activity\/","title":{"rendered":"Crude oil prices steady as Opec+ deal to raise output faces rising economic activity"},"content":{"rendered":"<p>NEW YORK: Oil prices steadied on Thursday, weighed down by an agreement from OPEC+ to ease record supply curbs but buoyed by tightening global inventories as economic activity picks up.<\/p>\n<p>Brent crude fell 4 cents to $43.75 a barrel by 11:10 a.m. EDT (1510 GMT). West Texas Intermediate (WTI) crude dropped 11 cents to $41.09 a barrel.<\/p>\n<p>Both benchmarks rose 2% on Wednesday following a sharp drawdown in U.S. crude inventories.<\/p>\n<p>The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Wednesday to scale back oil production cuts from August.<\/p>\n<p>They will reduce their cuts to 7.7 million barrels per day through December from the 9.7 million bpd cuts in place since May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices steadied on Thursday, weighed down by an agreement from OPEC+ to ease record supply curbs but buoyed by tightening global inventories as economic activity picks up. Brent crude fell 4 cents to $43.75 a barrel by 11:10 a.m. EDT (1510 GMT). West Texas Intermediate (WTI) crude dropped 11 cents to $41.09 a barrel. Both benchmarks rose 2% on Wednesday following a sharp drawdown in U.S. crude inventories. The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Wednesday to scale back oil production cuts from August. They will reduce their cuts [&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":[130,191,136],"tags":[],"class_list":["post-363315","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363315","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=363315"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363315\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}