{"id":582097,"date":"2023-06-05T10:24:07","date_gmt":"2023-06-05T04:54:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582097"},"modified":"2023-06-05T12:43:14","modified_gmt":"2023-06-05T07:13:14","slug":"oil-prices-jump-more-than-2-bbl-after-saudi-pledges-to-cut-more-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-jump-more-than-2-bbl-after-saudi-pledges-to-cut-more-output\/","title":{"rendered":"Oil prices jump more than $2\/bbl after Saudi pledges to cut more output"},"content":{"rendered":"<p>Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world&#8217;s top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. <\/p>\n<p>Brent crude futures was at $78.42 a barrel, up $2.29, or 3 per cent, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. <\/p>\n<p>US West Texas Intermediate crude climbed $2.27 a barrel, up 3.2 per cent, or $74.01 a barrel, after touching an intraday high of $75.06 a barrel. <\/p>\n<p>Saudi Arabia&#8217;s output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world&#8217;s top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3 per cent, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. US West Texas Intermediate crude climbed $2.27 a barrel, up 3.2 per cent, or $74.01 a barrel, after touching an intraday high of $75.06 a barrel. Saudi Arabia&#8217;s output would drop to 9 million barrels per day (bpd) in [&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-582097","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\/582097","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=582097"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582097\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}