{"id":582649,"date":"2023-06-07T09:55:12","date_gmt":"2023-06-07T04:25:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=582649"},"modified":"2023-06-07T10:45:01","modified_gmt":"2023-06-07T05:15:01","slug":"crude-oil-falls-as-economic-fears-overshadow-saudi-arabias-output-cut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-falls-as-economic-fears-overshadow-saudi-arabias-output-cut\/","title":{"rendered":"Crude Oil falls as economic fears overshadow Saudi Arabia&#8217;s output cut"},"content":{"rendered":"<p>Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about global economic growth outweighed Saudi Arabia&#8217;s pledge to deepen output cuts.<\/p>\n<p>Brent crude futures were down $1.50, or 1.96%, to $75.21 a barrel by 1046 GMT. U.S. West Texas Intermediate crude fell $1.47, or 2.04%, to $70.68 a barrel.<\/p>\n<p>Brent had gained as much as $2.60 per barrel on Monday and WTI as much as $3.30 after Saudi Arabia, the world&#8217;s top exporter, said at the weekend its output would drop by 1 million barrels per day (bpd) to 9 million bpd in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices tumbled more than $1 a barrel on Tuesday, after a strong rally in the previous session as worries about global economic growth outweighed Saudi Arabia&#8217;s pledge to deepen output cuts. Brent crude futures were down $1.50, or 1.96%, to $75.21 a barrel by 1046 GMT. U.S. West Texas Intermediate crude fell $1.47, or 2.04%, to $70.68 a barrel. Brent had gained as much as $2.60 per barrel on Monday and WTI as much as $3.30 after Saudi Arabia, the world&#8217;s top exporter, said at the weekend its output would drop by 1 million barrels per day (bpd) to [&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-582649","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\/582649","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=582649"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/582649\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=582649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=582649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=582649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}