{"id":519881,"date":"2022-09-06T10:10:37","date_gmt":"2022-09-06T04:40:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=519881"},"modified":"2022-09-06T10:58:36","modified_gmt":"2022-09-06T05:28:36","slug":"oil-jumps-3-as-opec-plus-plans-to-cut-oil-output-targets-by-100000-bpd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-3-as-opec-plus-plans-to-cut-oil-output-targets-by-100000-bpd\/","title":{"rendered":"Oil jumps $3 as OPEC-plus plans to cut oil output targets by 100,000 bpd"},"content":{"rendered":"<p>Oil prices rose more than $2 a barrel on Monday, extending gains as OPEC+ producers agreed to cut oil output targets by 100,000 bpd in October, according to a source.<\/p>\n<p>Brent crude futures futures for November delivery rose $3.57 to $96.59 a barrel, a 3.8% gain, by 7:24 a.m. ET (12:24 GMT).<\/p>\n<p>U.S. West Texas Intermediate crude was up $2.13, or 2.5%, at $89 after a 0.3% gain in the previous session.<\/p>\n<p>U.S. markets are closed for a public holiday on Monday.<\/p>\n<p>The chairman of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, said it would consider calling for an OPEC and non-OPEC ministerial meeting anytime to address market developments, if necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose more than $2 a barrel on Monday, extending gains as OPEC+ producers agreed to cut oil output targets by 100,000 bpd in October, according to a source. Brent crude futures futures for November delivery rose $3.57 to $96.59 a barrel, a 3.8% gain, by 7:24 a.m. ET (12:24 GMT). U.S. West Texas Intermediate crude was up $2.13, or 2.5%, at $89 after a 0.3% gain in the previous session. U.S. markets are closed for a public holiday on Monday. The chairman of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as [&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-519881","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\/519881","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=519881"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/519881\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=519881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=519881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=519881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}