{"id":516538,"date":"2022-08-24T10:59:17","date_gmt":"2022-08-24T05:29:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516538"},"modified":"2022-08-24T12:22:19","modified_gmt":"2022-08-24T06:52:19","slug":"oil-climbs-as-saudi-arabia-warns-of-opec-output-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-as-saudi-arabia-warns-of-opec-output-cuts\/","title":{"rendered":"Oil climbs as Saudi Arabia warns of OPEC output cuts"},"content":{"rendered":"<p>Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline.<\/p>\n<p>Brent crude futures advanced 93 cents, or 1 per cent , to $97.41 a barrel by 0328 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near flat.<\/p>\n<p>US West Texas Intermediate crude futures gained 90 cents, or 1 per cent , to $91.26 a barrel. <\/p>\n<p>The benchmarks are down about 12 per cent and 8 per cent this month, respectively, amid fears about a global recession and fuel demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1 per cent , to $97.41 a barrel by 0328 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near flat. US West Texas Intermediate crude futures gained 90 cents, or 1 per cent , to $91.26 a barrel. The benchmarks are down about 12 per cent and 8 per cent [&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-516538","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\/516538","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=516538"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516538\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}