{"id":581338,"date":"2023-06-02T09:57:24","date_gmt":"2023-06-02T04:27:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581338"},"modified":"2023-06-02T11:12:33","modified_gmt":"2023-06-02T05:42:33","slug":"oil-prices-rise-on-possible-opec-cuts-progress-in-us-debt-ceiling-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-possible-opec-cuts-progress-in-us-debt-ceiling-deal\/","title":{"rendered":"Oil prices rise on possible OPEC+ cuts, progress in US debt ceiling deal"},"content":{"rendered":"<p>Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington&#8217;s debt ceiling bill.<\/p>\n<p>Brent crude futures rose 13 cents, or 0.18% to $74.41 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude (WTI) rose 15 cents, or 0.21%, to $70.25 a barrel, following two consecutive days of sliding crude prices.<\/p>\n<p>Markets were reassured by signals of a potential pause in rate hikes by the Federal Reserve as well as the House of Representatives&#8217; passage of a bill suspending the U.S. government debt ceiling, likely staving off a calamitous sovereign default.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington&#8217;s debt ceiling bill. Brent crude futures rose 13 cents, or 0.18% to $74.41 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude (WTI) rose 15 cents, or 0.21%, to $70.25 a barrel, following two consecutive days of sliding crude prices. Markets were reassured by signals of a potential pause in rate hikes by the Federal Reserve as well as the House of Representatives&#8217; passage of a bill [&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-581338","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\/581338","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=581338"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581338\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}