{"id":297634,"date":"2019-10-23T11:21:20","date_gmt":"2019-10-23T05:51:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297634"},"modified":"2019-10-23T11:21:20","modified_gmt":"2019-10-23T05:51:20","slug":"oil-slips-after-us-inventory-build-but-possible-opec-cuts-support-market","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slips-after-us-inventory-build-but-possible-opec-cuts-support-market\/","title":{"rendered":"Oil slips after US inventory build, but possible Opec cuts support market"},"content":{"rendered":"<p>SINGAPORE: Oil slipped on Wednesday after US industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from Opec and its allies prevented a further slide in prices.<\/p>\n<p>International benchmark Brent crude futures dropped 28 cents, or 0.47 per cent, to $59.42 a barrel by 0123 GMT on Wednesday.<\/p>\n<p>West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.73 per cent, to $54.08 per barrel. <\/p>\n<p>US crude stocks rose by 4.5 million barrels to 437 million barrels in the week ended Oct. 18, compared with analyst expectations for a gain of 2.2 million barrels, data from industry group the American Petroleum Institute showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE: Oil slipped on Wednesday after US industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from Opec and its allies prevented a further slide in prices. International benchmark Brent crude futures dropped 28 cents, or 0.47 per cent, to $59.42 a barrel by 0123 GMT on Wednesday. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.73 per cent, to $54.08 per barrel. US crude stocks rose by 4.5 million barrels to 437 million barrels in the week ended Oct. 18, compared with analyst expectations for a gain of 2.2 million barrels, [&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":[130,191,136],"tags":[],"class_list":["post-297634","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297634","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=297634"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297634\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}