{"id":525883,"date":"2022-09-29T11:08:33","date_gmt":"2022-09-29T05:38:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525883"},"modified":"2022-09-29T12:44:29","modified_gmt":"2022-09-29T07:14:29","slug":"oil-prices-claw-back-some-losses-as-focus-turns-to-possible-supply-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-claw-back-some-losses-as-focus-turns-to-possible-supply-cuts\/","title":{"rendered":"Oil prices claw back some losses as focus turns to possible supply cuts"},"content":{"rendered":"<p>Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices.<\/p>\n<p>Brent crude futures for November settlement rose 65 cents, or 0.77 per cent, to $84.71 per barrel by 0502 GMT. US West Texas Intermediate (WTI) crude futures for November delivery were up 64 cents at $77.35 per barrel.<\/p>\n<p>In the previous two trading sessions, Brent plunged 7.1 per cent while WTI slumped 8.1 per cent under the dual pressure of a surging dollar that makes greenback-denominated crude more expensive for buyer using other currencies and mounting concerns that rising interest rates will trigger a recession that will curtail fuel demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday, after plunging to nine-month lows a day earlier, on indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices. Brent crude futures for November settlement rose 65 cents, or 0.77 per cent, to $84.71 per barrel by 0502 GMT. US West Texas Intermediate (WTI) crude futures for November delivery were up 64 cents at $77.35 per barrel. In the previous two trading sessions, Brent plunged 7.1 per cent while WTI slumped 8.1 per cent under the dual pressure of a surging dollar that makes greenback-denominated crude more expensive 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-525883","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\/525883","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=525883"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525883\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}