{"id":363398,"date":"2020-07-17T12:29:53","date_gmt":"2020-07-17T06:59:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363398"},"modified":"2020-07-17T13:21:23","modified_gmt":"2020-07-17T07:51:23","slug":"oil-prices-ease-after-opec-allies-agree-to-taper-oil-supply-curbs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-ease-after-opec-allies-agree-to-taper-oil-supply-curbs\/","title":{"rendered":"Oil prices ease after OPEC, allies agree 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\u2019s crude stocks.<\/p>\n<p>Brent crude fell 27 cents, or 0.6%, to $43.52 a barrel by 0439 GMT, and US West Texas Intermediate (WTI) crude dropped 32 cents, or 0.8%, to $40.88 a barrel. They 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\u2019s crude stocks. Brent crude fell 27 cents, or 0.6%, to $43.52 a barrel by 0439 GMT, and US West Texas Intermediate (WTI) crude dropped 32 cents, or 0.8%, to $40.88 a barrel. They 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":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-363398","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363398","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=363398"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363398\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}