{"id":86629,"date":"2023-11-20T12:46:49","date_gmt":"2023-11-20T17:46:49","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/oil-prices-extend-gains-as-opec-considers-more-cuts\/"},"modified":"2023-11-20T12:46:51","modified_gmt":"2023-11-20T17:46:51","slug":"oil-prices-extend-gains-as-opec-considers-more-cuts","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=86629","title":{"rendered":"Oil Prices Extend Gains as OPEC Considers More Cuts"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000804772\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Crude prices were rising early Monday, extending gains from the end of last week.<\/p>\n<p>The increases follow a report in the Financial Times saying Saudi Arabia will prolong voluntary output restrictions into next year, while the rest of the Organization of the Petroleum Exporting Countries (OPEC) is considering further cuts.<\/p>\n<div class=\"paywall\">\n<p>Prices had dropped to a four-month low on Thursday and notched a fourth week of declines last week. The reasons for that include concern that global energy demand may be weakening along with the economy, as well as relief that the latest war in the Middle East hadn\u2019t spread to directly involve oil-producing countries such as Saudi Arabia or Iran. Inventories have also been building up in storage facilities in Cushing, Okla.<\/p>\n<p>Sentiment may now be shifting. OPEC members were reported to not only be worried about declining prices, but also unhappy with the Israel-Hamas war and humanitarian conditions in Gaza, the FT said, citing unidentified people familiar with the discussions.<\/p>\n<p>\n        Brent crude<span>,<\/span><br \/>\n       the international benchmark, was up 0.8% at $81.22 early Monday.<br \/>\n        West Texas Intermediate<span>,<\/span><br \/>\n       the U.S. standard, also rose 0.8% to $76.53.<\/p>\n<p>The next OPEC meeting is scheduled for Nov. 26 in Vienna.<\/p>\n<p>Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/oil-price-opec-cuts-fd49402e?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia will prolong voluntary output restrictions into next year, while the rest of the Organization of the Petroleum Exporting Countries (OPEC) is considering further cuts. Prices had dropped to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-86629","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil Prices Extend Gains as OPEC Considers More Cuts | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=86629\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Prices Extend Gains as OPEC Considers More Cuts | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=86629\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-20T17:46:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-20T17:46:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696954706_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=86629#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=86629\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Oil Prices Extend Gains as OPEC Considers More Cuts\",\"datePublished\":\"2023-11-20T17:46:49+00:00\",\"dateModified\":\"2023-11-20T17:46:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=86629\"},\"wordCount\":215,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=86629#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=86629\",\"url\":\"https:\/\/ifintechworld.com\/?p=86629\",\"name\":\"Oil Prices Extend Gains as OPEC Considers More Cuts | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-20T17:46:49+00:00\",\"dateModified\":\"2023-11-20T17:46:51+00:00\",\"description\":\"Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=86629#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=86629\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=86629#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil Prices Extend Gains as OPEC Considers More Cuts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil Prices Extend Gains as OPEC Considers More Cuts | iFintechWorld","description":"Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=86629","og_locale":"en_US","og_type":"article","og_title":"Oil Prices Extend Gains as OPEC Considers More Cuts | iFintechWorld","og_description":"Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia","og_url":"https:\/\/ifintechworld.com\/?p=86629","og_site_name":"iFintechWorld","article_published_time":"2023-11-20T17:46:49+00:00","article_modified_time":"2023-11-20T17:46:51+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696954706_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=86629#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=86629"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Oil Prices Extend Gains as OPEC Considers More Cuts","datePublished":"2023-11-20T17:46:49+00:00","dateModified":"2023-11-20T17:46:51+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=86629"},"wordCount":215,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=86629#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=86629","url":"https:\/\/ifintechworld.com\/?p=86629","name":"Oil Prices Extend Gains as OPEC Considers More Cuts | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-20T17:46:49+00:00","dateModified":"2023-11-20T17:46:51+00:00","description":"Crude prices were rising early Monday, extending gains from the end of last week. The increases follow a report in the Financial Times saying Saudi Arabia","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=86629#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=86629"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=86629#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Oil Prices Extend Gains as OPEC Considers More Cuts"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/86629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86629"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/86629\/revisions"}],"predecessor-version":[{"id":86630,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/86629\/revisions\/86630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/71004"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}