{"id":570169,"date":"2023-04-18T09:40:50","date_gmt":"2023-04-18T04:10:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570169"},"modified":"2023-04-18T10:03:43","modified_gmt":"2023-04-18T04:33:43","slug":"oil-holds-above-80-bbl-on-opec-cuts-traders-eye-china-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-above-80-bbl-on-opec-cuts-traders-eye-china-recovery\/","title":{"rendered":"Oil holds above $80\/bbl on OPEC+ cuts, traders eye China recovery"},"content":{"rendered":"<p>Oil prices edged up on Monday, supported by OPEC+&#8217;s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world&#8217;s No. 2 oil consumer.<\/p>\n<p>Brent crude futures nudged 17 cents higher to $86.48 a barrel by 0144 GMT, while US West Texas Intermediate crude was at $82.66 a barrel, up 14 cents.<\/p>\n<p>Both contracts notched their fourth weekly gains last week after the International Energy Agency (IEA) forecast record demand in 2023 of 101.9 million barrels per day (bpd), up 2 million bpd on last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged up on Monday, supported by OPEC+&#8217;s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world&#8217;s No. 2 oil consumer. Brent crude futures nudged 17 cents higher to $86.48 a barrel by 0144 GMT, while US West Texas Intermediate crude was at $82.66 a barrel, up 14 cents. Both contracts notched their fourth weekly gains last week after the International Energy Agency (IEA) forecast record demand in 2023 of 101.9 million barrels per day (bpd), up 2 million bpd on last year.<\/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-570169","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\/570169","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=570169"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570169\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}