{"id":519304,"date":"2022-09-03T11:20:13","date_gmt":"2022-09-03T05:50:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519304"},"modified":"2022-09-03T13:19:38","modified_gmt":"2022-09-03T07:49:38","slug":"oil-gains-ahead-of-opec-meet-but-fears-of-slower-demand-weigh-on-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-ahead-of-opec-meet-but-fears-of-slower-demand-weigh-on-market\/","title":{"rendered":"Oil gains ahead of OPEC+ meet but fears of slower demand weigh on market"},"content":{"rendered":"<p>Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept 5, though benchmarks were on track for a steep weekly decline as fears of China&#8217;s Covid-19 curbs and weak global growth weighed on the market.<\/p>\n<p>Brent crude futures rose $1.68, or 1.8 per cent, to $94.04 a barrel at 0330 GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.66, or 1.9 per cent, to $88.27 a barrel.<\/p>\n<p>Both benchmark contracts slid 3 per cent in the previous session to two-week lows. Brent was headed for a weekly drop of nearly 7 per cent, and WTI was on track to fall about 5 per cent for the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept 5, though benchmarks were on track for a steep weekly decline as fears of China&#8217;s Covid-19 curbs and weak global growth weighed on the market. Brent crude futures rose $1.68, or 1.8 per cent, to $94.04 a barrel at 0330 GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.66, or 1.9 per cent, to $88.27 a barrel. Both benchmark contracts slid 3 per cent in the previous session to two-week lows. Brent was headed for a weekly drop of nearly [&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-519304","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\/519304","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=519304"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519304\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}