{"id":16057,"date":"2012-05-04T06:00:51","date_gmt":"2012-05-04T04:00:51","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/16057\/opecs-signal-of-increasing-output-weakens-oil-prices\/"},"modified":"2012-05-04T06:00:51","modified_gmt":"2012-05-04T04:00:51","slug":"opecs-signal-of-increasing-output-weakens-oil-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/16057\/opecs-signal-of-increasing-output-weakens-oil-prices\/","title":{"rendered":"OPEC’s Signal of Increasing Output Weakens Oil Prices"},"content":{"rendered":"

Crude oil prices plummeted Thursday after the OPEC indicated to raise output to bring down prices. Bearishness was exacerbated by weaker than expected US ISM non-manufacturing index which overshadowed the drop in the number of initial claims. The front-month contract for WTI crude oil fell to 102.36, the lowest level since April 23, before ending the day at 102.54, down -2.55%. Gold also slumped as driven by the selloff in the euro.<\/p>\n

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Original post:\u00a0
\nOPEC’s Signal of Increasing Output Weakens Oil Prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crude oil prices plummeted Thursday after the OPEC indicated to raise output to bring down prices. Bearishness was exacerbated by weaker than expected US ISM non-manufacturing index which overshadowed the drop in the number of initial claims. The front-month contract for WTI crude oil fell to 102.36, the lowest level since April 23, before ending the day at 102.54, down -2.55%. Gold also slumped as driven by the selloff in the euro. <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16057","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\/16057","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=16057"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/16057\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=16057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=16057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=16057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}