{"id":367183,"date":"2020-08-10T12:15:09","date_gmt":"2020-08-10T06:45:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367183"},"modified":"2020-08-10T13:14:00","modified_gmt":"2020-08-10T07:44:00","slug":"oil-prices-back-on-the-rise-on-us-stimulus-hopes-iraq-output-cut-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-back-on-the-rise-on-us-stimulus-hopes-iraq-output-cut-2\/","title":{"rendered":"Oil prices back on the rise on US stimulus hopes, Iraq output cut"},"content":{"rendered":"<p>Oil prices climbed in early trade on Monday, clawing back over half of Friday&#8217;s losses, on hopes for a stimulus deal to shore up the US economic recovery and a pledge from Iraq to deepen its crude oil supply cuts. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose 49 cents, or 1.2%, to $41.71 a barrel at 0010 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel.<\/p>\n<p>While both benchmark contracts fell on Friday, hurt by demand concerns, Brent ended the week up 2.5%, with WTI up 2.4%.<\/p>\n<p>Hopes grew on Sunday that a stand-off would end between US Democrats and the White House on a new support package for cash-strapped US states hit by the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed in early trade on Monday, clawing back over half of Friday&#8217;s losses, on hopes for a stimulus deal to shore up the US economic recovery and a pledge from Iraq to deepen its crude oil supply cuts. US West Texas Intermediate (WTI) crude futures rose 49 cents, or 1.2%, to $41.71 a barrel at 0010 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel. While both benchmark contracts fell on Friday, hurt by demand concerns, Brent ended the week up 2.5%, with WTI up 2.4%. Hopes grew on Sunday that a [&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":[146,130,177],"tags":[],"class_list":["post-367183","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367183","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=367183"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367183\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}