{"id":409156,"date":"2021-04-05T10:46:13","date_gmt":"2021-04-05T05:16:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409156"},"modified":"2021-04-05T11:35:03","modified_gmt":"2021-04-05T06:05:03","slug":"oil-prices-slip-after-opec-agree-to-ease-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-after-opec-agree-to-ease-output-cuts\/","title":{"rendered":"Oil prices slip after OPEC+ agree to ease output cuts"},"content":{"rendered":"<p>Oil prices slipped on Monday, paring strong gains made in the previous session after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. <\/p>\n<p>Brent crude futures for June fell 33 cents, or 0.5%, to $64.53 a barrel by 02:06 GMT while US West Texas Intermediate crude for May was at $61.20 a barrel, down 25 cents, or 0.4%.<\/p>\n<p>Both contracts settled up more than $2 a barrel on Thursday as investors viewed the OPEC+ decision as an affirmation of demand-led recovery and optimism was boosted by US President Joe Biden&#8217;s $2 trillion infrastructure spending plan. Markets were closed on Friday because of the Easter holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slipped on Monday, paring strong gains made in the previous session after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. Brent crude futures for June fell 33 cents, or 0.5%, to $64.53 a barrel by 02:06 GMT while US West Texas Intermediate crude for May was at $61.20 a barrel, down 25 cents, or 0.4%. Both contracts settled up more than $2 a barrel on Thursday as investors viewed the OPEC+ decision as an affirmation of demand-led recovery and optimism was boosted by US President Joe Biden&#8217;s $2 trillion infrastructure [&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":[146,130,177],"tags":[],"class_list":["post-409156","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409156","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=409156"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409156\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}