{"id":290738,"date":"2019-09-06T06:02:48","date_gmt":"2019-09-06T06:02:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=290738"},"modified":"2019-09-06T06:12:25","modified_gmt":"2019-09-06T06:12:25","slug":"oil-slips-towards-60-on-rise-in-us-inventories-but-trade-hopes-support","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-towards-60-on-rise-in-us-inventories-but-trade-hopes-support\/","title":{"rendered":"Oil slips towards $60 on rise in US inventories, but trade hopes support"},"content":{"rendered":"<p>Oil slipped towards $60 a barrel on Thursday after a report showed US crude inventories rose unexpectedly, although hopes of progress in resolving the US-China trade row lent support.<\/p>\n<p>The American Petroleum Institute (API), an industry group, on Wednesday said US crude stockpiles rose by 400,000 barrels last week, while analysts had expected a fall. The government&#8217;s official supply report is due out later on Thursday.<\/p>\n<p>Benchmark Brent crude was down 25 cents at $60.45 a barrel by 0821 GMT, while US West Texas Intermediate (WTI) crude fell 39 cents to $55.87.<\/p>\n<p>\u201cOil prices remain range-bound despite yesterday&#8217;s rally,\u201d said OANDA analyst Craig Erlam. \u201cAPI reported a modest increase in inventories on Wednesday, which failed to do much for oil prices.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil slipped towards $60 a barrel on Thursday after a report showed US crude inventories rose unexpectedly, although hopes of progress in resolving the US-China trade row lent support. The American Petroleum Institute (API), an industry group, on Wednesday said US crude stockpiles rose by 400,000 barrels last week, while analysts had expected a fall. The government&#8217;s official supply report is due out later on Thursday. Benchmark Brent crude was down 25 cents at $60.45 a barrel by 0821 GMT, while US West Texas Intermediate (WTI) crude fell 39 cents to $55.87. \u201cOil prices remain range-bound despite yesterday&#8217;s rally,\u201d said [&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-290738","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290738","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=290738"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290738\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=290738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=290738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=290738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}