{"id":276668,"date":"2019-05-30T05:32:23","date_gmt":"2019-05-30T05:32:23","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276668"},"modified":"2019-05-30T05:53:38","modified_gmt":"2019-05-30T05:53:38","slug":"oil-prices-gain-after-fall-in-us-crude-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-gain-after-fall-in-us-crude-inventories\/","title":{"rendered":"Oil prices gain after fall in US crude inventories"},"content":{"rendered":"<p>Oil prices rose on Thursday after an industry report showed a decline in US crude inventories that exceeded analyst expectations.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures were up 26 cents, or 0.4%, at $59.07 a barrel by 0258 GMT. They closed down 0.6% on Wednesday after hitting their lowest since March 12 at $56.88.<\/p>\n<p>Brent crude futures, the international benchmark for oil prices, were up 14 cents, or 0.2 percent, at $69.59 a barrel. They fell nearly 1% in the previous session after dropping as low as $68.08.<\/p>\n<p>Crude prices have been supported by output cuts by OPEC and other major producers as well as falling supplies from Iran, but signs of China&#8217;s readiness to escalate a trade war with the United States have raised concerns about future demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday after an industry report showed a decline in US crude inventories that exceeded analyst expectations. US West Texas Intermediate (WTI) crude futures were up 26 cents, or 0.4%, at $59.07 a barrel by 0258 GMT. They closed down 0.6% on Wednesday after hitting their lowest since March 12 at $56.88. Brent crude futures, the international benchmark for oil prices, were up 14 cents, or 0.2 percent, at $69.59 a barrel. They fell nearly 1% in the previous session after dropping as low as $68.08. Crude prices have been supported by output cuts by OPEC and [&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-276668","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276668","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=276668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}