{"id":394062,"date":"2021-01-08T08:44:22","date_gmt":"2021-01-08T03:14:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394062"},"modified":"2021-01-08T09:22:33","modified_gmt":"2021-01-08T03:52:33","slug":"oil-prices-hit-11-month-high-on-saudi-cuts-shrugs-off-us-political-turmoil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-11-month-high-on-saudi-cuts-shrugs-off-us-political-turmoil\/","title":{"rendered":"Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia&#8217;s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the United States. <\/p>\n<p>Brent crude settled up 8 cents to $54.38 a barrel after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West. <\/p>\n<p>U.S. West Texas Intermediate (WTI) settled up 20 cents to $50.83, after hitting a session high at $51.28. <\/p>\n<p>On Wednesday, crude futures prices briefly dipped when President Donald Trump&#8217;s supporters stormed the U.S. Capitol after he urged them to protest Congress&#8217;s certification of his election loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices settled higher on Thursday, hitting 11-month peaks, as markets remained focused on Saudi Arabia&#8217;s unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the United States. Brent crude settled up 8 cents to $54.38 a barrel after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West. U.S. West Texas Intermediate (WTI) settled up 20 cents to $50.83, after hitting a session high at $51.28. On Wednesday, crude futures prices briefly dipped when President Donald Trump&#8217;s supporters stormed the U.S. Capitol after he urged [&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-394062","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\/394062","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=394062"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394062\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}