{"id":370955,"date":"2020-09-01T09:24:43","date_gmt":"2020-09-01T03:54:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370955"},"modified":"2020-09-01T10:09:28","modified_gmt":"2020-09-01T04:39:28","slug":"brent-hits-5-month-high-as-abu-dhabi-cuts-crude-supply-by-30","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-hits-5-month-high-as-abu-dhabi-cuts-crude-supply-by-30\/","title":{"rendered":"Brent hits 5-month high as Abu Dhabi cuts crude supply by 30%"},"content":{"rendered":"<p>Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30 percent cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-Covid levels in a well supplied market. <\/p>\n<p>Brent crude futures for November advanced to $46.38 a barrel earlier, the highest since March, and was fetching $46.27 by 0656 GMT, up 46 cents, or 1 percent. US West Texas Intermediate crude was at $43.25 a barrel, up 28 cents, or 0.7 percent.<\/p>\n<p>Brent is set to close out August with a fifth successive monthly price rise while WTI is on track for a fourth monthly gain, having hit a five-month high of $43.78 a barrel on Aug. 26 when Hurricane Laura struck.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30 percent cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-Covid levels in a well supplied market. Brent crude futures for November advanced to $46.38 a barrel earlier, the highest since March, and was fetching $46.27 by 0656 GMT, up 46 cents, or 1 percent. US West Texas Intermediate crude was at $43.25 a barrel, up 28 cents, or 0.7 percent. Brent is set to close out August with a fifth successive monthly price rise [&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-370955","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\/370955","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=370955"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370955\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}