{"id":582281,"date":"2023-06-06T10:01:02","date_gmt":"2023-06-06T04:31:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582281"},"modified":"2023-06-06T10:59:14","modified_gmt":"2023-06-06T05:29:14","slug":"oil-prices-rise-on-saudi-arabia-plan-to-deepen-output-cuts-from-july","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-on-saudi-arabia-plan-to-deepen-output-cuts-from-july\/","title":{"rendered":"Oil prices rise on Saudi Arabia plan to deepen output cuts from July"},"content":{"rendered":"<p>Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. <\/p>\n<p>Brent crude futures were up $1.81, or 2.4%, at $77.94 a barrel by 1114 GMT after touching a session high of $78.73. <\/p>\n<p>US West Texas Intermediate crude climbed by $1.84, or 2.6%, to $73.58 after hitting an intraday high of $75.06. <\/p>\n<p>Both contracts extended gains of more than 2% on Friday after the Saudi energy ministry said the kingdom&#8217;s output would drop to 9 million bpd in July from about 10 million bpd in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures were up $1.81, or 2.4%, at $77.94 a barrel by 1114 GMT after touching a session high of $78.73. US West Texas Intermediate crude climbed by $1.84, or 2.6%, to $73.58 after hitting an intraday high of $75.06. Both contracts extended gains of more than 2% on Friday after the Saudi energy ministry said the kingdom&#8217;s output [&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-582281","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\/582281","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=582281"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582281\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}