{"id":277605,"date":"2019-06-06T07:30:59","date_gmt":"2019-06-06T07:30:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277605"},"modified":"2019-06-06T07:30:59","modified_gmt":"2019-06-06T07:30:59","slug":"as-us-oil-storage-jumps-most-in-30-years-brent-oil-sinks-below-60","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/as-us-oil-storage-jumps-most-in-30-years-brent-oil-sinks-below-60\/","title":{"rendered":"As US oil storage jumps most in 30 years, Brent oil sinks below $60"},"content":{"rendered":"<p>New York: Brent crude futures tumbled below $60 a barrel after a report showed US crude and fuel inventories ballooning by the most in almost 30 years, feeding fears of a glut as trade disputes threaten demand.<\/p>\n<p>The global benchmark fell as low as $59.45, the lowest since January, after the US government data showed America\u2019s total petroleum stockpiles grew by about 22 million barrels last week, the biggest jump going back to 1990. The US crude production also set a record, while imports climbed.<\/p>\n<p>\u201cI wouldn\u2019t be surprised to see a real meltdown in the prices today,\u2019\u2019 Matt Sallee, a portfolio manager at Tortoise Capital Advisors LLC, said. \u2018\u2018Until something changes the mood, which maybe would be a breakthrough in trade, I don\u2019t see any reason crude is going to improve over the next week.\u2019\u2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York: Brent crude futures tumbled below $60 a barrel after a report showed US crude and fuel inventories ballooning by the most in almost 30 years, feeding fears of a glut as trade disputes threaten demand. The global benchmark fell as low as $59.45, the lowest since January, after the US government data showed America\u2019s total petroleum stockpiles grew by about 22 million barrels last week, the biggest jump going back to 1990. The US crude production also set a record, while imports climbed. \u201cI wouldn\u2019t be surprised to see a real meltdown in the prices today,\u2019\u2019 Matt Sallee, [&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":[139,130,187],"tags":[],"class_list":["post-277605","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277605","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=277605"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277605\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}