{"id":394081,"date":"2021-01-08T09:27:29","date_gmt":"2021-01-08T03:57:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394081"},"modified":"2021-01-08T10:06:33","modified_gmt":"2021-01-08T04:36:33","slug":"oil-hovers-near-11-month-high-over-saudi-output-cuts-pledge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hovers-near-11-month-high-over-saudi-output-cuts-pledge\/","title":{"rendered":"Oil hovers near 11-month high over Saudi output cuts pledge"},"content":{"rendered":"<p>Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia&#8217;s pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains. <\/p>\n<p>Brent crude climbed 2 cents to $54.40 a barrel by 0122 GMT, after closing slightly higher the previous day. It touched $54.90 on Thursday, the highest since February.<\/p>\n<p>US West Texas Intermediate (WTI) also gained 2 cents to $50.85 a barrel. The contract closed up 0.4% on Thursday after also hitting its highest since February at $51.28. <\/p>\n<p>Both benchmarks are on track for gains of about 5% for this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia&#8217;s pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains. Brent crude climbed 2 cents to $54.40 a barrel by 0122 GMT, after closing slightly higher the previous day. It touched $54.90 on Thursday, the highest since February. US West Texas Intermediate (WTI) also gained 2 cents to $50.85 a barrel. The contract closed up 0.4% on Thursday after also hitting its highest since February at $51.28. Both benchmarks [&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-394081","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\/394081","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=394081"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394081\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}