{"id":403026,"date":"2021-03-04T11:37:04","date_gmt":"2021-03-04T06:07:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403026"},"modified":"2021-03-04T11:37:04","modified_gmt":"2021-03-04T06:07:04","slug":"crude-oil-rates-firm-on-prospect-of-opec-maintaining-supply-cuts-drop-in-us-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-rates-firm-on-prospect-of-opec-maintaining-supply-cuts-drop-in-us-inventories\/","title":{"rendered":"Crude oil rates firm on prospect of OPEC+ maintaining supply cuts, drop in US inventories"},"content":{"rendered":"<p>SINGAPORE: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day underpinned alongside a drop in U.S. fuel inventories.<\/p>\n<p>Brent crude futures added 11 cents, or 0.2%, to $64.18 a barrel, as of 0148 GMT, after climbing more than 2% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures were unmoved at $61.28 a barrel.<\/p>\n<p>The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, are considering rolling over production cuts into April instead of raising output, as a recovery in oil demand remains fragile due to the coronavirus crisis, three OPEC+ sources told Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day underpinned alongside a drop in U.S. fuel inventories. Brent crude futures added 11 cents, or 0.2%, to $64.18 a barrel, as of 0148 GMT, after climbing more than 2% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures were unmoved at $61.28 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, are considering rolling over production cuts into April instead of raising output, as [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-403026","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403026","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403026"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403026\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}