{"id":262678,"date":"2019-03-06T06:12:59","date_gmt":"2019-03-06T06:12:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262678"},"modified":"2019-03-06T06:21:26","modified_gmt":"2019-03-06T06:21:26","slug":"oil-falls-on-rising-us-production-stockpile-build","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-rising-us-production-stockpile-build\/","title":{"rendered":"Oil falls on rising US production, stockpile build"},"content":{"rendered":"<p>Oil prices fell nearly 1 per cent on Wednesday as bullish output forecasts by two big US producers and a build in US crude stockpiles outweighed ongoing OPEC-led efforts to rein in crude production.<\/p>\n<p>International Brent futures were down 55 cents, or 0.8 per cent , at $65.31 a barrel at 0209 GMT.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures were at $56.05 per barrel, down 51 cents, or 0.9 per cent .<\/p>\n<p>\u201cOil is likely to play &#8216;tug of war&#8217; here, with production cut promises to be countered with rising output from the US,\u201d said Edward Moya, senior market analyst, OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell nearly 1 per cent on Wednesday as bullish output forecasts by two big US producers and a build in US crude stockpiles outweighed ongoing OPEC-led efforts to rein in crude production. International Brent futures were down 55 cents, or 0.8 per cent , at $65.31 a barrel at 0209 GMT. US West Texas Intermediate (WTI) crude futures were at $56.05 per barrel, down 51 cents, or 0.9 per cent . \u201cOil is likely to play &#8216;tug of war&#8217; here, with production cut promises to be countered with rising output from the US,\u201d said Edward Moya, senior market [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-262678","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262678"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262678\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}