{"id":403248,"date":"2021-03-06T08:40:49","date_gmt":"2021-03-06T03:10:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403248"},"modified":"2021-03-06T09:00:48","modified_gmt":"2021-03-06T03:30:48","slug":"oil-prices-hit-almost-14-month-high-after-opec-extends-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-almost-14-month-high-after-opec-extends-output-cuts\/","title":{"rendered":"Oil prices hit almost 14-month high after OPEC+ extends output cuts"},"content":{"rendered":"<p>Oil prices jumped more than 3 per cent on Friday, hitting their highest levels in over a year after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. <\/p>\n<p>Brent crude futures were up $2.23, or 3.3 per cent, at $68.97 a barrel by 1441 GMT \u2014 a nearly 14-month high. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1 per cent, to $65.83 \u2014 the highest since April 2019.<\/p>\n<p>Both contracts surged more than 4 per cent on Thursday after the Organization of the Petroleum Exporting Countries and allies, together known as Opec+, extended oil output curbs into April, granting small exemptions to Russia and Kazakhstan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped more than 3 per cent on Friday, hitting their highest levels in over a year after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $2.23, or 3.3 per cent, at $68.97 a barrel by 1441 GMT \u2014 a nearly 14-month high. US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1 per cent, to $65.83 \u2014 the highest since April 2019. Both contracts surged more than 4 per cent on Thursday after the Organization of the Petroleum Exporting Countries [&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-403248","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\/403248","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=403248"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403248\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}