{"id":526971,"date":"2022-10-03T11:09:47","date_gmt":"2022-10-03T05:39:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=526971"},"modified":"2022-10-03T12:53:06","modified_gmt":"2022-10-03T07:23:06","slug":"oil-jumps-more-than-3-as-opec-mulls-cuts-of-up-to-1-million-bpd-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-more-than-3-as-opec-mulls-cuts-of-up-to-1-million-bpd-2\/","title":{"rendered":"Oil jumps more than 3% as OPEC+ mulls cuts of up to 1 million bpd"},"content":{"rendered":"<p>Oil prices jumped more than 3 per cent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.<\/p>\n<p>Brent crude futures rebounded $2.82, or 3.3 per cent, to $87.96 a barrel by 2337 GMT after settling down 0.6 per cent on Friday. US West Texas Intermediate crude was at $82.09 a barrel, up $2.60, or 3.3 per cent, following a 2.1 per cent loss in the previous session.<\/p>\n<p>Oil prices have tumbled for four straight months since June as Covid-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging US dollar weighed on global financial markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped more than 3 per cent in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market. Brent crude futures rebounded $2.82, or 3.3 per cent, to $87.96 a barrel by 2337 GMT after settling down 0.6 per cent on Friday. US West Texas Intermediate crude was at $82.09 a barrel, up $2.60, or 3.3 per cent, following a 2.1 per cent loss in the previous session. Oil prices have tumbled for four straight months since June as Covid-19 lockdowns in [&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-526971","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\/526971","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=526971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/526971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=526971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=526971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=526971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}