{"id":402449,"date":"2021-03-01T10:19:40","date_gmt":"2021-03-01T04:49:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402449"},"modified":"2021-03-01T10:44:53","modified_gmt":"2021-03-01T05:14:53","slug":"oil-resumes-climb-as-traders-look-ahead-to-pivotal-opec-meeting","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-resumes-climb-as-traders-look-ahead-to-pivotal-opec-meeting\/","title":{"rendered":"Oil resumes climb as traders look ahead to pivotal OPEC+ meeting"},"content":{"rendered":"<p>Oil resumed gains &#8212; rebounding from the biggest drop since November &#8212; ahead of a keenly anticipated OPEC+ production-setting meeting this week that will help to determine whether a scorching rally endures.<\/p>\n<p>Futures in New York rose above $62 a barrel in early Asian trading after losing 3.2% on Friday. The alliance, led by Saudi Arabia and Russia, meets Thursday and is expected to return some barrels to a market off to its quickest ever start to a year. But it\u2019s unclear how vigorously the group will act, with the Saudi energy minister calling for producers to remain \u201cextremely cautious.&#8221;<\/p>\n<p>Crude sank on Friday as a strengthening dollar damped the appeal of commodities priced in the currency and amid concerns around inflation. Yet, the American oil benchmark still managed to rally nearly 18% in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil resumed gains &#8212; rebounding from the biggest drop since November &#8212; ahead of a keenly anticipated OPEC+ production-setting meeting this week that will help to determine whether a scorching rally endures. Futures in New York rose above $62 a barrel in early Asian trading after losing 3.2% on Friday. The alliance, led by Saudi Arabia and Russia, meets Thursday and is expected to return some barrels to a market off to its quickest ever start to a year. But it\u2019s unclear how vigorously the group will act, with the Saudi energy minister calling for producers to remain \u201cextremely cautious.&#8221; [&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-402449","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\/402449","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=402449"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402449\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}