{"id":109770,"date":"2017-08-04T00:37:44","date_gmt":"2017-08-04T04:37:44","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=109770"},"modified":"2017-08-04T00:37:44","modified_gmt":"2017-08-04T04:37:44","slug":"oil-prices-fall-on-opec-compliance-jitters","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/04\/oil-prices-fall-on-opec-compliance-jitters\/","title":{"rendered":"Oil prices fall on OPEC compliance jitters"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_109781\" aria-describedby=\"caption-attachment-109781\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/500px-Flag_of_OPEC.svg_.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-109781\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/500px-Flag_of_OPEC.svg_-300x180.png\" alt=\"Oil prices fell on Thursday as investors were concerned about output rise from the Organization of the Petroleum Exporting Countries (OPEC) (Zscout370, Public Domain)\" width=\"300\" height=\"180\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/500px-Flag_of_OPEC.svg_-300x180.png 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/500px-Flag_of_OPEC.svg_.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-109781\" class=\"wp-caption-text\"><a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=1140939\">Oil prices fell on Thursday as investors were concerned about output rise from the Organization of the Petroleum Exporting Countries (OPEC) (Zscout370, Public Domain)<\/a><\/figcaption><\/figure>\n<p>NEW YORK, Aug. 4 &#8212; Oil prices fell on Thursday as investors were concerned about output rise from the Organization of the Petroleum Exporting Countries (OPEC).<\/p>\n<p>Tanker-tracking firm Petro-Logistics said earlier this week that OPEC&#8217;s output was up by 145,000 barrels a day last month.<\/p>\n<p>Major oil producers have agreed to reduce supply by 1.8 million barrels a day through next March in order to ease a global glut that has lingered for about three years.<\/p>\n<p>Analysts said OPEC&#8217;s rising output offset the rise in US fuel demand.<\/p>\n<p>The US Energy Information Administration said Wednesday the gasoline demand stood at a record high of 9.842 million barrels per day last week.<\/p>\n<p>The West Texas Intermediate for September Delivery lost 0.56 dollar to settle at 49.03 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery erased 0.35 dollar to close at 52.01 dollars a barrel on the London ICE Futures Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; NEW YORK, Aug. 4 &#8212; Oil prices fell on Thursday as investors were concerned about output rise from the &hellip;<\/p>\n","protected":false},"author":33,"featured_media":109781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17],"tags":[20421,20419,20420],"class_list":["post-109770","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-w","tag-london-ice-futures-exchange","tag-organization-of-the-petroleum-exporting-countries","tag-us-energy-information-administration","mauthors-xinhua"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=109770"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/109781"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=109770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=109770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=109770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}