{"id":14129,"date":"2011-06-07T12:22:15","date_gmt":"2011-06-07T10:22:15","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14129\/oil-weakens-amid-speculations-on-opecs-quota-hike\/"},"modified":"2011-06-07T12:22:15","modified_gmt":"2011-06-07T10:22:15","slug":"oil-weakens-amid-speculations-on-opecs-quota-hike","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14129\/oil-weakens-amid-speculations-on-opecs-quota-hike\/","title":{"rendered":"Oil Weakens amid Speculations on OPEC's Quota Hike"},"content":{"rendered":"<p>Oil remained soft after yesterday\u2019s plunge as hopes that the OPEC will raise production quotas increased. Moreover, fears of global economic slowdown persisted amid recent disappointing macroeconomic indicators. Currently trading at 99.2, the front-month WTI contract remained soft after falling -1.21% yesterday. Gold rose to a month high of 1555 before settling at 1547.2, up +0.31%, yesterday. Uncertainty in the new bailout package for Greece drove demand for safe-haven assets. However, strength in the US dollar limited price gains.<\/p>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=pLL3dJT2C5Y:rukBctTTz0Q:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=pLL3dJT2C5Y:rukBctTTz0Q:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=pLL3dJT2C5Y:rukBctTTz0Q:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=pLL3dJT2C5Y:rukBctTTz0Q:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=pLL3dJT2C5Y:rukBctTTz0Q:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=pLL3dJT2C5Y:rukBctTTz0Q:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=pLL3dJT2C5Y:rukBctTTz0Q:l6gmwiTKsz0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=l6gmwiTKsz0\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=pLL3dJT2C5Y:rukBctTTz0Q:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=pLL3dJT2C5Y:rukBctTTz0Q:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/OngFocus\/~4\/pLL3dJT2C5Y\" height=\"1\" width=\"1\" \/><\/p>\n<p>Read more here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/feedproxy.google.com\/~r\/OngFocus\/~3\/pLL3dJT2C5Y\/\" title=\"Oil Weakens amid Speculations on OPEC's Quota Hike\">Oil Weakens amid Speculations on OPEC's Quota Hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil remained soft after yesterday\u2019s plunge as hopes that the OPEC will raise production quotas increased. Moreover, fears of global economic slowdown persisted amid recent disappointing macroeconomic indicators. Currently trading at 99.2, the front-month WTI contract remained soft after falling -1.21% yesterday. Gold rose to a month high of 1555 before settling at 1547.2, up +0.31%, yesterday. Uncertainty in the new bailout package for Greece drove demand for safe-haven assets. However, strength in the US dollar limited price gains. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14129","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=14129"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14129\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}