{"id":403299,"date":"2021-03-06T09:57:32","date_gmt":"2021-03-06T04:27:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403299"},"modified":"2021-03-06T10:16:43","modified_gmt":"2021-03-06T04:46:43","slug":"oil-prices-surge-as-opec-extends-output-cuts-into-april-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-surge-as-opec-extends-output-cuts-into-april-2\/","title":{"rendered":"Oil prices surge as OPEC+ extends output cuts into April"},"content":{"rendered":"<p>Oil prices rose on Friday, extending gains from the previous session, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.<\/p>\n<p>Brent crude futures for May rose 60 cents, or 0.9%, to $67.34 a barrel at 0337 GMT, and was on track for a near 2% gain in the week.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures were up 56 cents, or 0.9%, to $64.39 per barrel. <\/p>\n<p>Both contracts surged more than 4% on Thursday after the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, extended oil output curbs into April, with small exemptions to Russia and Kazakhstan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday, extending gains from the previous session, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Brent crude futures for May rose 60 cents, or 0.9%, to $67.34 a barrel at 0337 GMT, and was on track for a near 2% gain in the week. US West Texas Intermediate (WTI) crude futures were up 56 cents, or 0.9%, to $64.39 per barrel. Both contracts surged more than 4% on Thursday after the Organization of the Petroleum Exporting Countries and allies, [&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":[130],"tags":[],"class_list":["post-403299","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403299","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=403299"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403299\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}