{"id":430255,"date":"2021-08-12T08:28:37","date_gmt":"2021-08-12T02:58:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430255"},"modified":"2021-08-12T09:31:15","modified_gmt":"2021-08-12T04:01:15","slug":"oil-rebounds-after-white-house-says-not-calling-for-us-output-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rebounds-after-white-house-says-not-calling-for-us-output-hike\/","title":{"rendered":"Oil rebounds after White House says not calling for US output hike"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil gained Wednesday, changing course after the Biden administration said it would not call on U.S. producers to increase crude output, and that efforts to increase OPEC production were a longer-range plan. <\/p>\n<p>The market was also bolstered by a government report showing U.S. crude supplies fell last week, shifting the spotlight away from production from the Organization of the Petroleum Exporting Countries. <\/p>\n<p>Brent crude is up about 35% this year, supported by OPEC-led supply curbs, even after the global benchmark oil last week suffered the steepest weekly loss in four months on worries that travel restrictions to curb coronavirus infections would hit demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil gained Wednesday, changing course after the Biden administration said it would not call on U.S. producers to increase crude output, and that efforts to increase OPEC production were a longer-range plan. The market was also bolstered by a government report showing U.S. crude supplies fell last week, shifting the spotlight away from production from the Organization of the Petroleum Exporting Countries. Brent crude is up about 35% this year, supported by OPEC-led supply curbs, even after the global benchmark oil last week suffered the steepest weekly loss in four months on worries that travel restrictions to [&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-430255","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\/430255","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=430255"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430255\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}