{"id":88053,"date":"2016-04-13T06:47:17","date_gmt":"2016-04-13T10:47:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=88053"},"modified":"2016-04-13T06:47:17","modified_gmt":"2016-04-13T10:47:17","slug":"oil-prices-rally-to-four-month-highs-ahead-of-doha-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/oil-prices-rally-to-four-month-highs-ahead-of-doha-meeting\/","title":{"rendered":"Oil prices rally to four-month highs ahead of Doha meeting"},"content":{"rendered":"<div id=\"inves-3492534516\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 13, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Oil prices rose to four-month highs on hopes that the world\u2019s largest energy producers will reach a deal on an output freeze when they meet this weekend in Doha, Qatar for an OPEC Summit. Such a move would be a significant effort to stabilize oil prices. Due to over- supply concerns, oil prices tumbled since 2014.<\/p>\n<p>On Tuesday, oil prices rose sharply, sending Brent crude (the international benchmark) to a new high for the year.<br \/>\nBrent, the international oil marker, jumped over 2 percent on Tuesday to hit a four-month high of $44.63. Brent crude was down 0.8 per cent at $44.35 a barrel in Asian trading, having on Tuesday. It is up 12.2 per cent in the month to date.<\/p>\n<p>The US crude oil benchmark, West Texas Intermediate, climbed to its strongest level since late March on Tuesday. Prices eased slightly on Wednesday morning, down 1.1 per cent at $41.71 a barrel having touched $41.83 yesterday. It is up 9 per cent in the month to date. Brent hit a 13-year low near $27 a barrel in January.<\/p>\n<p>The prospect that the first concerted effort by major oil producing countries to limit production has helped oil prices to rally.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p><div id=\"inves-1052767610\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Oil prices rose to four-month highs on hopes that the world\u2019s largest energy producers will reach a deal on an output freeze when they meet this weekend in Doha, Qatar for an OPEC Summit. Such a move would be a significant effort to stabilize oil prices. Due to over- supply concerns, oil [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-88053","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=88053"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88053\/revisions"}],"predecessor-version":[{"id":88071,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/88053\/revisions\/88071"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=88053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=88053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=88053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}