{"id":32097,"date":"2020-06-03T20:56:44","date_gmt":"2020-06-03T20:56:44","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/oil-moves-higher-hovers-below-40-as-doubts-emerge-over-next-step-on-opec-cuts\/"},"modified":"2020-06-03T20:56:44","modified_gmt":"2020-06-03T20:56:44","slug":"oil-moves-higher-hovers-below-40-as-doubts-emerge-over-next-step-on-opec-cuts","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/oil-moves-higher-hovers-below-40-as-doubts-emerge-over-next-step-on-opec-cuts\/","title":{"rendered":"Oil moves higher, hovers below $40 as doubts emerge over next step on OPEC cuts"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"> il ended slightly higher on Wednesday but remained below the session\u2019s early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> Oil prices were supported by a drawdown in U.S. crude inventories in the latest week, but came under pressure as U.S. refined product inventories surged on tepid demand. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAs product demand remains subdued, gasoline inventories showed a solid build, while distillates showed a mammoth one \u2013 despite refinery runs being over 3.6 million barrels per day below year-ago levels,\u201d said Matt Smith, director of commodity research at ClipperData.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saudi Arabia and Russia have a deal to extend oil output cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely, sources said. Earlier in the session, oil fell when Bloomberg reported the Thursday meeting was in doubt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>il ended slightly higher on Wednesday but remained below the session\u2019s early highs above $40 a barrel, the highest since March, retreating as doubts emerged about the timing and scale of a potential extension to the pact between OPEC and its allies to cut crude supplies. Oil prices were supported by a drawdown in U.S. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[10159],"class_list":["post-32097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-oiloil-pricesopec"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=32097"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=32097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=32097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=32097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}