{"id":370970,"date":"2020-09-01T10:32:34","date_gmt":"2020-09-01T05:02:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370970"},"modified":"2020-09-01T10:32:34","modified_gmt":"2020-09-01T05:02:34","slug":"brent-hits-five-month-high-on-abu-dhabi-supply-cuts-china-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-hits-five-month-high-on-abu-dhabi-supply-cuts-china-data\/","title":{"rendered":"Brent hits five-month high on Abu Dhabi supply cuts, China data"},"content":{"rendered":"<p>Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% 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 $46.50 a barrel by 1143 GMT up 60 cents, or 1.3%. U.S. West Texas Intermediate crude was at $43.48 a barrel, up 51 cents, or 1.2%.<\/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% 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 $46.50 a barrel by 1143 GMT up 60 cents, or 1.3%. U.S. West Texas Intermediate crude was at $43.48 a barrel, up 51 cents, or 1.2%. 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 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-370970","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370970","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370970"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370970\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}