{"id":496074,"date":"2022-06-04T09:19:43","date_gmt":"2022-06-04T03:49:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=496074"},"modified":"2022-06-04T09:48:07","modified_gmt":"2022-06-04T04:18:07","slug":"oil-prices-gain-slightly-after-opec-agrees-to-increase-production","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-slightly-after-opec-agrees-to-increase-production\/","title":{"rendered":"Oil prices gain slightly after Opec+ agrees to increase production"},"content":{"rendered":"<p>Oil rose higher on Friday, supported by expectations that OPEC&#8217;s decision to increase production targets by slightly more than planned won&#8217;t much affect tight global supply and by rising demand as China eases COVID restrictions.<\/p>\n<p>The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Thursday agreed to boost output by 648,000 barrels per day (bpd) a month in July and August rather than 432,000 bpd as previously agreed.<\/p>\n<p>Brent crude rose $1.76, or 1.5%, to $119.37 a barrel by 1338 GMT. U.S. West Texas Intermediate (WTI) crude advanced $1.70, or 1.3%, to $118.57.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose higher on Friday, supported by expectations that OPEC&#8217;s decision to increase production targets by slightly more than planned won&#8217;t much affect tight global supply and by rising demand as China eases COVID restrictions. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Thursday agreed to boost output by 648,000 barrels per day (bpd) a month in July and August rather than 432,000 bpd as previously agreed. Brent crude rose $1.76, or 1.5%, to $119.37 a barrel by 1338 GMT. U.S. West Texas Intermediate (WTI) crude advanced $1.70, or 1.3%, to $118.57.<\/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-496074","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\/496074","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=496074"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/496074\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=496074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=496074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=496074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}