{"id":398713,"date":"2021-02-03T09:10:11","date_gmt":"2021-02-03T03:40:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398713"},"modified":"2021-02-03T09:51:32","modified_gmt":"2021-02-03T04:21:32","slug":"oil-prices-extend-rally-as-producers-restrain-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-extend-rally-as-producers-restrain-output\/","title":{"rendered":"Oil prices extend rally as producers restrain output"},"content":{"rendered":"<p>Oil prices rose more than 1 per cent on Tuesday after major crude producers showed they were reining in output roughly in line with their commitments, extending gains in a market thrown out of kilter by weak demand during the coronavirus pandemic.<\/p>\n<p>Brent crude was up 77 cents, or 1.4 per cent, at $57.12 a barrel by 0950 GMT, its third straight day of gains. US oil gained 82 cents, or 1.5 per cent, to $54.37. Both contracts rose more than 2 per cent in the previous session.<\/p>\n<p>OPEC crude production rose for a seventh month in January but the increase was smaller than expected, a Reuters survey found. <\/p>\n<p>Also, voluntary cuts of 1 million bpd by OPEC&#8217;s de facto leader, Saudi Arabia, are set to be implemented from the beginning of February though March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose more than 1 per cent on Tuesday after major crude producers showed they were reining in output roughly in line with their commitments, extending gains in a market thrown out of kilter by weak demand during the coronavirus pandemic. Brent crude was up 77 cents, or 1.4 per cent, at $57.12 a barrel by 0950 GMT, its third straight day of gains. US oil gained 82 cents, or 1.5 per cent, to $54.37. Both contracts rose more than 2 per cent in the previous session. OPEC crude production rose for a seventh month in January but the [&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-398713","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\/398713","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=398713"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398713\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}