{"id":4736,"date":"2023-11-30T14:04:53","date_gmt":"2023-11-30T13:04:53","guid":{"rendered":"https:\/\/dzwatch.net\/?p=4736"},"modified":"2023-11-30T14:04:56","modified_gmt":"2023-11-30T13:04:56","slug":"oil-prices-rise-amid-opec-production-cut-speculations","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=4736","title":{"rendered":"Oil Prices Rise Amid OPEC+ Production Cut Speculations"},"content":{"rendered":"\n<p>In the latest trading session, oil prices experienced a modest increase on Thursday, driven by investor caution ahead of anticipated production cuts by the <strong><em><a href=\"https:\/\/www.opec.org\/opec_web\/en\/\" target=\"_blank\" rel=\"noopener\">OPEC<\/a><\/em><\/strong>+ alliance. Oil Prices Rise.<\/p>\n\n\n\n<p>Brent crude futures climbed by 13 cents, or 0.2%, reaching $83.23 per barrel. Similarly, the futures for West Texas Intermediate, the U.S. benchmark, rose by 17 cents, also gaining 0.2%, to settle at $78.03 per barrel.<\/p>\n\n\n\n<p>This uptick follows a nearly 2% rise in the previous session for both benchmarks, fueled by hopes of a supportive decision from the OPEC+ group. This alliance, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is speculated to make a move that would bolster oil prices.<\/p>\n\n\n\n<p>Additionally, the U.S. Energy Information Administration reported an unexpected increase in crude oil and distillate inventories last week, indicating a potential dip in demand. The data also showed a higher-than-expected rise in gasoline stocks.<\/p>\n\n\n\n<p>For more detailed insights and updates on oil market trends, visit <a href=\"http:\/\/dzwatch.net\" target=\"_blank\" rel=\"noopener\">dzwatch.net<\/a>. Oil Prices Rise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the latest trading session, oil prices experienced a modest increase on Thursday, driven by investor caution ahead of anticipated production cuts by the OPEC+ alliance. Oil Prices Rise. Brent crude futures climbed by 13 cents, or 0.2%, reaching $83.23 per barrel. Similarly, the futures for West Texas Intermediate, the U.S. benchmark, rose by 17 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":4738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":1,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-4736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/4736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4736"}],"version-history":[{"count":2,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/4736\/revisions"}],"predecessor-version":[{"id":4740,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/4736\/revisions\/4740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/4738"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}