{"id":384284,"date":"2020-11-16T09:45:10","date_gmt":"2020-11-16T04:15:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384284"},"modified":"2020-11-16T11:48:08","modified_gmt":"2020-11-16T06:18:08","slug":"oil-prices-edge-up-on-hopes-opec-maintains-supply-curbs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-edge-up-on-hopes-opec-maintains-supply-curbs\/","title":{"rendered":"Oil prices edge up on hopes OPEC+ maintains supply curbs"},"content":{"rendered":"<p>SINGAPORE: Oil NSE 0.82 % prices edged up in early Asian trade on Monday, recouping some losses from the previous session as hopes that OPEC+ will continue to curb output offset concerns of weaker fuel demand amid rising COVID-19 cases and higher production from Libya.<\/p>\n<p>Brent crude futures for January rose 27 cents, or 0.6 per cent , to $43.05 a barrel by 0043 GMT while U.S. West Texas Intermediate crude for December was at $40.48 a barrel, up 35 cents, or 0.9 per cent .<\/p>\n<p>Both contracts gained more than 8 per cent last week on hopes of a COVID-19 vaccine and that the Organization of the Petroleum Exporting Countries (OPEC)) and their allies including Russia will maintain lower output next year to support prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil NSE 0.82 % prices edged up in early Asian trade on Monday, recouping some losses from the previous session as hopes that OPEC+ will continue to curb output offset concerns of weaker fuel demand amid rising COVID-19 cases and higher production from Libya. Brent crude futures for January rose 27 cents, or 0.6 per cent , to $43.05 a barrel by 0043 GMT while U.S. West Texas Intermediate crude for December was at $40.48 a barrel, up 35 cents, or 0.9 per cent . Both contracts gained more than 8 per cent last week on hopes of 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":[130,191,136],"tags":[],"class_list":["post-384284","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384284","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=384284"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384284\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}