{"id":297475,"date":"2019-10-22T11:06:05","date_gmt":"2019-10-22T05:36:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297475"},"modified":"2019-10-22T11:06:05","modified_gmt":"2019-10-22T05:36:05","slug":"oil-short-sellers-gloom-deepens-with-price-stuck-below-55","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-short-sellers-gloom-deepens-with-price-stuck-below-55\/","title":{"rendered":"Oil short-sellers\u2019 gloom deepens with price stuck below $55"},"content":{"rendered":"<p>Hedge funds are increasingly pessimistic on oil as U.S. stockpiles surge and crude refining plunges.<\/p>\n<p>Bets on a West Texas Intermediate crude rout rose 7.6% in the week ended Oct. 15 and have almost tripled since mid-September, data released Friday show. A report showing American crude storage rose for a fifth week while refiners cut processing rates to the lowest since 2017 only reinforced bearish expectations.<\/p>\n<p>\u201cThe perception of falling demand is driving prices lower,&#8221; said Bob Iaccino, market strategist at Chicago-based Path Trading Partners. \u201cNo one thinks that demand is going to get higher.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge funds are increasingly pessimistic on oil as U.S. stockpiles surge and crude refining plunges. Bets on a West Texas Intermediate crude rout rose 7.6% in the week ended Oct. 15 and have almost tripled since mid-September, data released Friday show. A report showing American crude storage rose for a fifth week while refiners cut processing rates to the lowest since 2017 only reinforced bearish expectations. \u201cThe perception of falling demand is driving prices lower,&#8221; said Bob Iaccino, market strategist at Chicago-based Path Trading Partners. \u201cNo one thinks that demand is going to get higher.&#8221;<\/p>\n","protected":false},"author":44,"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-297475","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\/297475","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297475"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297475\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}