{"id":403444,"date":"2021-03-06T10:56:25","date_gmt":"2021-03-06T05:26:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403444"},"modified":"2021-03-06T12:25:36","modified_gmt":"2021-03-06T06:55:36","slug":"oil-surges-2-after-opec-extends-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-surges-2-after-opec-extends-output-cuts\/","title":{"rendered":"Oil surges $2 after OPEC+ extends output cuts"},"content":{"rendered":"<p>LONDON: Oil prices jumped more than 3% 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%, at $68.97 a barrel by 1441 GMT &#8211; a nearly 14-month high.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1%, to $65.83 &#8211; the highest since April 2019.<\/p>\n<p>Both contracts surged more than 4% 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>LONDON: Oil prices jumped more than 3% 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%, at $68.97 a barrel by 1441 GMT &#8211; a nearly 14-month high. US West Texas Intermediate (WTI) crude futures climbed $2, or 3.1%, to $65.83 &#8211; the highest since April 2019. Both contracts surged more than 4% on Thursday after the Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, extended [&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":[130,191,136],"tags":[],"class_list":["post-403444","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\/403444","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=403444"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403444\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}