{"id":387982,"date":"2020-12-05T10:17:00","date_gmt":"2020-12-05T04:47:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387982"},"modified":"2020-12-05T10:38:00","modified_gmt":"2020-12-05T05:08:00","slug":"oil-moves-up-towards-50-bbl-after-opec-supply-compromise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-moves-up-towards-50-bbl-after-opec-supply-compromise\/","title":{"rendered":"Oil moves up towards $50\/bbl after OPEC+ supply compromise"},"content":{"rendered":"<p>Brent crude oil futures rose to just under $50 a barrel on Friday as major producers agreed on a compromise to increase output slightly from January but continue the bulk of existing supply curbs to cope with coronavirus-hit demand.<\/p>\n<p>Brent was up 27 cents at $48.98 a barrel by 1434 GMT after hitting its highest since early March at $49.92. West Texas Intermediate rose 14 cents to $45.78 a barrel. Both benchmarks are set for a fifth straight week of gains.<\/p>\n<p>OPEC and Russia on Thursday agreed to ease deep oil output cuts from January by 500,000 barrels per day with further as yet undefined increases on a monthly basis, failing to reach a compromise on a broader policy for the rest of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude oil futures rose to just under $50 a barrel on Friday as major producers agreed on a compromise to increase output slightly from January but continue the bulk of existing supply curbs to cope with coronavirus-hit demand. Brent was up 27 cents at $48.98 a barrel by 1434 GMT after hitting its highest since early March at $49.92. West Texas Intermediate rose 14 cents to $45.78 a barrel. Both benchmarks are set for a fifth straight week of gains. OPEC and Russia on Thursday agreed to ease deep oil output cuts from January by 500,000 barrels per day [&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-387982","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\/387982","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=387982"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387982\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}