{"id":567751,"date":"2023-04-03T11:26:14","date_gmt":"2023-04-03T05:56:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=567751"},"modified":"2023-04-03T11:26:14","modified_gmt":"2023-04-03T05:56:14","slug":"crude-on-boil-surprise-opec-cut-may-fire-oil-prices-to-90-95-by-2023-end","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-on-boil-surprise-opec-cut-may-fire-oil-prices-to-90-95-by-2023-end\/","title":{"rendered":"Crude on boil! Surprise Opec+ cut may fire oil prices to $90-95 by 2023-end"},"content":{"rendered":"<p>Crude oil got a shot in the arm after the Organization of the Petroleum Exporting Countries (OPEC)) announced surprise output cuts. The US West Texas Intermediate (WTI) rose by $6.34 to $80.47 on Monday while Brent crude hit $84.86, gaining 6.15%. The black gold is expected to test $90-95 level by the end of 2023.<\/p>\n<p>The production cut will likely help the cause of crude oil in the medium to long term and Brent could test levels of $90-95 by December, Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said. Brent has been an underperformer and lost 7.24% on the year-to-date basis and nearly 4.04% in March, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil got a shot in the arm after the Organization of the Petroleum Exporting Countries (OPEC)) announced surprise output cuts. The US West Texas Intermediate (WTI) rose by $6.34 to $80.47 on Monday while Brent crude hit $84.86, gaining 6.15%. The black gold is expected to test $90-95 level by the end of 2023. The production cut will likely help the cause of crude oil in the medium to long term and Brent could test levels of $90-95 by December, Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said. Brent has been an underperformer and [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-567751","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567751","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=567751"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567751\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=567751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=567751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=567751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}