{"id":527440,"date":"2022-10-06T09:54:37","date_gmt":"2022-10-06T04:24:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527440"},"modified":"2022-10-06T11:11:27","modified_gmt":"2022-10-06T05:41:27","slug":"oil-rises-to-3-week-high-as-opec-agrees-to-deep-cuts-us-stockpiles-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-to-3-week-high-as-opec-agrees-to-deep-cuts-us-stockpiles-fall\/","title":{"rendered":"Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall"},"content":{"rendered":"<p>Oil prices rose on Wednesday to three-week highs, as OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic, despite a tight market and opposition to cuts from the United States and others.<\/p>\n<p>Prices also rose on U.S. government data that showed crude and fuel inventories fell last week. [EIA\/S]<\/p>\n<p>Brent crude rose $2.01, or 2.2%, to $93.81 a barrel by 11:40 a.m. EDT (1540 GMT). Brent reached a session high of $93.96 per barrel, its highest since Sept. 15.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude rose $1.78, or 2.1%, to $88.30 a barrel. It reached $88.42 per barrel during the session, the highest since Sept. 15.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday to three-week highs, as OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic, despite a tight market and opposition to cuts from the United States and others. Prices also rose on U.S. government data that showed crude and fuel inventories fell last week. [EIA\/S] Brent crude rose $2.01, or 2.2%, to $93.81 a barrel by 11:40 a.m. EDT (1540 GMT). Brent reached a session high of $93.96 per barrel, its highest since Sept. 15. U.S. West Texas Intermediate (WTI) crude rose $1.78, or 2.1%, to $88.30 a barrel. It reached $88.42 [&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-527440","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\/527440","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=527440"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527440\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}