{"id":519306,"date":"2022-09-03T11:21:51","date_gmt":"2022-09-03T05:51:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519306"},"modified":"2022-09-03T13:20:09","modified_gmt":"2022-09-03T07:50:09","slug":"oil-prices-rise-firms-hope-opec-will-talk-up-output-cuts-to-stem-sinking-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-firms-hope-opec-will-talk-up-output-cuts-to-stem-sinking-prices\/","title":{"rendered":"Oil prices rise, firms hope OPEC+ will talk up output cuts to stem sinking prices"},"content":{"rendered":"<p>Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on September 5, but the benchmarks were still on track to post their worst weekly drop in four on fears of Covid-19 curbs in China and weak global growth will hit demand.<\/p>\n<p>Brent crude futures rose $1.20, or 1.3 per cent, to $93.56 a barrel at 0117 GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.16, or 1.3 per cent, to $87.77 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 8 per cent, and WTI was on track to fall about 6 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 September 5, but the benchmarks were still on track to post their worst weekly drop in four on fears of Covid-19 curbs in China and weak global growth will hit demand. Brent crude futures rose $1.20, or 1.3 per cent, to $93.56 a barrel at 0117 GMT, while US West Texas Intermediate (WTI) crude futures jumped $1.16, or 1.3 per cent, to $87.77 a barrel. Both benchmark contracts slid 3 per cent in the previous session to two-week lows. Brent was headed for [&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-519306","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\/519306","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=519306"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519306\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}