{"id":297774,"date":"2019-10-24T11:45:21","date_gmt":"2019-10-24T06:15:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297774"},"modified":"2019-10-24T11:57:40","modified_gmt":"2019-10-24T06:27:40","slug":"oil-prices-dip-on-concerns-about-the-weak-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-dip-on-concerns-about-the-weak-demand-outlook\/","title":{"rendered":"Oil prices dip on concerns about the weak demand outlook"},"content":{"rendered":"<p>Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks.<\/p>\n<p>Brent crude futures fell 39 cents, or 0.6%, to $60.78 a barrel by 0111 GMT. The international benchmark crude rose 2.5% on Wednesday to settle at $61.17 a barrel, levels not seen since Sept. 30.<\/p>\n<p>West Texas Intermediate (WTI) crude futures dropped 46 cents, or 0.8%, to $55.51 per barrel. U.S. crude closed 3.3% higher in the previous session. <\/p>\n<p>U.S. crude inventories fell 1.7 million barrels in the week ended Oct. 18, compared with analysts&#8217; expectations for a 2.2 million barrel build, data from the Energy Information Administration showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks. Brent crude futures fell 39 cents, or 0.6%, to $60.78 a barrel by 0111 GMT. The international benchmark crude rose 2.5% on Wednesday to settle at $61.17 a barrel, levels not seen since Sept. 30. West Texas Intermediate (WTI) crude futures dropped 46 cents, or 0.8%, to $55.51 per barrel. U.S. crude closed 3.3% higher in the previous session. U.S. crude inventories fell 1.7 million barrels in [&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-297774","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297774","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=297774"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297774\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}