{"id":272636,"date":"2019-05-03T05:51:01","date_gmt":"2019-05-03T05:51:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=272636"},"modified":"2019-05-03T05:52:31","modified_gmt":"2019-05-03T05:52:31","slug":"oil-prices-weighed-down-by-record-us-output-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-weighed-down-by-record-us-output-inventories\/","title":{"rendered":"Oil prices weighed down by record US output, inventories"},"content":{"rendered":"<p>Oil prices fell on Thursday, pulled down by record US crude production that led to a surge in inventories.<\/p>\n<p>Brent crude oil futures were at $71.57 per barrel at 0837 GMT, 61 cents below their last close. Brent is set for a weekly loss, which would break its longest string of weekly gains for a year.<\/p>\n<p>US West Texas Intermediate crude futures were down 60 cents at $63.00 per barrel.<\/p>\n<p>US crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 million barrels as production hit a record high of 12.3 million barrels per day (bpd), government data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday, pulled down by record US crude production that led to a surge in inventories. Brent crude oil futures were at $71.57 per barrel at 0837 GMT, 61 cents below their last close. Brent is set for a weekly loss, which would break its longest string of weekly gains for a year. US West Texas Intermediate crude futures were down 60 cents at $63.00 per barrel. US crude stockpiles last week rose to their highest since September 2017, jumping by 9.9 million barrels to 470.6 million barrels as production hit a record high of 12.3 million [&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-272636","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272636","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=272636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=272636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=272636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=272636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}