{"id":603444,"date":"2023-09-14T09:54:32","date_gmt":"2023-09-14T04:24:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=603444"},"modified":"2023-09-14T10:34:15","modified_gmt":"2023-09-14T05:04:15","slug":"oil-prices-rises-as-expected-supply-cuts-offset-inflation-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rises-as-expected-supply-cuts-offset-inflation-concerns\/","title":{"rendered":"Oil prices rises as expected supply cuts offset inflation concerns"},"content":{"rendered":"<p>Oil prices traded higher on Wednesday as expected tight crude supply for the rest of the year offset inflation concerns. <\/p>\n<p>Saudi Arabia and Russia&#8217;s extension of 1.3 million barrels per day (bpd) of crude oil production cuts to the end of this year will lock in a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday. <\/p>\n<p>The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, Bank of America analysts said on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices traded higher on Wednesday as expected tight crude supply for the rest of the year offset inflation concerns. Saudi Arabia and Russia&#8217;s extension of 1.3 million barrels per day (bpd) of crude oil production cuts to the end of this year will lock in a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday. The continuing supply cuts could lift Brent futures above the $100 a barrel threshold before the end of the year, Bank of America analysts said on Wednesday.<\/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-603444","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\/603444","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=603444"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/603444\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=603444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=603444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=603444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}