{"id":502938,"date":"2022-07-05T09:42:15","date_gmt":"2022-07-05T04:12:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=502938"},"modified":"2022-07-05T09:57:23","modified_gmt":"2022-07-05T04:27:23","slug":"rebound-in-oil-prices-gives-world-stocks-a-lift-in-holiday-trade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rebound-in-oil-prices-gives-world-stocks-a-lift-in-holiday-trade\/","title":{"rendered":"Rebound in oil prices gives world stocks a lift in holiday trade"},"content":{"rendered":"<p>A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a U.S. holiday.<\/p>\n<p>Oil got a reprieve as lower output from the Organization of the Petroleum Exporting Countries (OPEC), unrest in Libya and sanctions on Russia outweighed fears of a global recession.<\/p>\n<p>&#8220;Oil fundamentals remain supportive,&#8221; said Warren Patterson, head of commodity research at ING.<\/p>\n<p>&#8220;Clearly OPEC is still struggling to hit its agreed output levels,&#8221;<\/p>\n<p>Output from the 10 members of OPEC in June fell 100,000 barrels per day (bpd) to 28.52 million bpd, off their pledged increase of about 275,000 bpd, a Reuters survey showed on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a U.S. holiday. Oil got a reprieve as lower output from the Organization of the Petroleum Exporting Countries (OPEC), unrest in Libya and sanctions on Russia outweighed fears of a global recession. &#8220;Oil fundamentals remain supportive,&#8221; said Warren Patterson, head of commodity research at ING. &#8220;Clearly OPEC is still struggling to hit its agreed output levels,&#8221; Output from the 10 members of OPEC in June fell 100,000 barrels per day (bpd) to 28.52 million bpd, off their pledged [&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-502938","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\/502938","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=502938"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/502938\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=502938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=502938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=502938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}