{"id":368245,"date":"2020-08-18T09:06:14","date_gmt":"2020-08-18T03:36:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=368245"},"modified":"2020-08-18T09:33:44","modified_gmt":"2020-08-18T04:03:44","slug":"oil-rises-on-chinas-plan-to-boost-us-crude-imports-opec-compliance","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-chinas-plan-to-boost-us-crude-imports-opec-compliance\/","title":{"rendered":"Oil rises on China&#8217;s plan to boost US crude imports, OPEC+ compliance"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices settled higher on Monday, as OPEC+ producers almost fully complied in July with their global production cut accord, and after U.S. officials said China is in compliance with the first phase of the two nations&#8217; trade deal. <\/p>\n<p>Brent crude settled up 57 cents, or 1.3%, to $45.87 a barrel, and U.S. West Texas Intermediate crude was up 88 cents, or 2.1 %, to $42.41 a barrel. <\/p>\n<p>Compliance with OPEC+ oil output cuts is seen at around 97% in July, two OPEC+ sources told Reuters. The oil-producing nations have been cutting output by record levels to curb supply and reduce worldwide inventories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices settled higher on Monday, as OPEC+ producers almost fully complied in July with their global production cut accord, and after U.S. officials said China is in compliance with the first phase of the two nations&#8217; trade deal. Brent crude settled up 57 cents, or 1.3%, to $45.87 a barrel, and U.S. West Texas Intermediate crude was up 88 cents, or 2.1 %, to $42.41 a barrel. Compliance with OPEC+ oil output cuts is seen at around 97% in July, two OPEC+ sources told Reuters. The oil-producing nations have been cutting output by record levels [&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-368245","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\/368245","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=368245"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368245\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}