{"id":568077,"date":"2023-04-05T10:09:44","date_gmt":"2023-04-05T04:39:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=568077"},"modified":"2023-04-05T11:26:08","modified_gmt":"2023-04-05T05:56:08","slug":"oil-prices-jump-as-opec-cut-draws-us-concern","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-jump-as-opec-cut-draws-us-concern\/","title":{"rendered":"Oil prices jump, as OPEC cut draws US concern"},"content":{"rendered":"<p>Oil prices surged on Monday and US officials voiced their displeasure a day after OPEC members announced substantial cuts in production, a move that reaffirmed Saudi Arabia, the group\u2019s leader, as a headstrong giant in the oil market.<\/p>\n<p>Traders bid up crude prices after the news of cuts totaling more than 1.1 million barrels a day, or 1 per cent of global production, beginning next month. Brent crude, the international bench mark, rose about 6 per cent, to about $84.50 a barrel. West Texas Intermediate crude, the US standard, was up by a similar amount, trading over $80 a barrel.<\/p>\n<p>Sunday\u2019s surprise announcement signaled a potential new threat to global efforts to curb inflation and a challenge to the Biden administration, which has pushed for lower gasoline prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged on Monday and US officials voiced their displeasure a day after OPEC members announced substantial cuts in production, a move that reaffirmed Saudi Arabia, the group\u2019s leader, as a headstrong giant in the oil market. Traders bid up crude prices after the news of cuts totaling more than 1.1 million barrels a day, or 1 per cent of global production, beginning next month. Brent crude, the international bench mark, rose about 6 per cent, to about $84.50 a barrel. West Texas Intermediate crude, the US standard, was up by a similar amount, trading over $80 a barrel. [&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-568077","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\/568077","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=568077"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/568077\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=568077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=568077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=568077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}