{"id":20199,"date":"2016-10-28T04:29:38","date_gmt":"2016-10-28T02:29:38","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/20199\/gulf-producers-boosted-oil-prices-by-hinting-more-on-output-cut\/"},"modified":"2016-10-28T04:29:38","modified_gmt":"2016-10-28T02:29:38","slug":"gulf-producers-boosted-oil-prices-by-hinting-more-on-output-cut","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/20199\/gulf-producers-boosted-oil-prices-by-hinting-more-on-output-cut\/","title":{"rendered":"Gulf Producers Boosted Oil Prices by Hinting More on Output Cut"},"content":{"rendered":"<p>Crude oil rebounded on bargain hunting and as news reported that Gulf OPEC members pledged to cut their peak output. The front-month WTI contract rose +1.1% to settle at 49.72, while the Brent contract added +0.98% to close at 50.47 for the day. Equities were a tad softer as investors turned to bonds for the lucrative yields. Wall Street weakened with DJIA and S&P 500 indices losing -0.165 and -0.3% respectively. Soaring of Fed funds rate hike hopes sent Treasury yields to highest levels in 5 months.<\/p>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=ZFOTD8vM5_8:YBbBUS_TkqY: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=ZFOTD8vM5_8:YBbBUS_TkqY:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=ZFOTD8vM5_8:YBbBUS_TkqY:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=ZFOTD8vM5_8:YBbBUS_TkqY:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=ZFOTD8vM5_8:YBbBUS_TkqY:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=ZFOTD8vM5_8:YBbBUS_TkqY: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=ZFOTD8vM5_8:YBbBUS_TkqY: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=ZFOTD8vM5_8:YBbBUS_TkqY:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=ZFOTD8vM5_8:YBbBUS_TkqY:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/OngFocus\/~4\/ZFOTD8vM5_8\" height=\"1\" width=\"1\" alt=\"\" \/><\/p>\n<p>See the original post here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/feedproxy.google.com\/~r\/OngFocus\/~3\/ZFOTD8vM5_8\/\" title=\"Gulf Producers Boosted Oil Prices by Hinting More on Output Cut\">Gulf Producers Boosted Oil Prices by Hinting More on Output Cut<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil rebounded on bargain hunting and as news reported that Gulf OPEC members pledged to cut their peak output. The front-month WTI contract rose +1.1% to settle at 49.72, while the Brent contract added +0.98% to close at 50.47 for the day. Equities were a tad softer as investors turned to bonds for the lucrative yields. Wall Street weakened with DJIA and S&#038;P 500 indices losing -0.165 and -0.3% respectively. Soaring of Fed funds rate hike hopes sent Treasury yields to highest levels in 5 months. <\/p>\n","protected":false},"author":605,"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-20199","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\/20199","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\/605"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=20199"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/20199\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=20199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=20199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=20199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}