{"id":298076,"date":"2019-10-26T11:57:47","date_gmt":"2019-10-26T06:27:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298076"},"modified":"2019-10-26T11:57:47","modified_gmt":"2019-10-26T06:27:47","slug":"oil-prices-down-but-on-track-for-large-weekly-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-down-but-on-track-for-large-weekly-gain\/","title":{"rendered":"Oil prices down but on track for large weekly gain"},"content":{"rendered":"<p>LONDON: Oil prices fell on Friday but were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from OPEC and its allies to trim production further outweighed broader economic concerns. <\/p>\n<p>Brent crude was down 35 cents at $61.32 by 0830 GMT but the benchmark was set for a weekly gain of more than 3 per cent. <\/p>\n<p>West Texas Intermediate (WTI) crude was down 32 cents at $55.91 and on track for a gain of about 4 per cent over the week. <\/p>\n<p>The strong weekly rise was underpinned by the surprise decline in US inventories, with total US crude and oil product inventories dropping by about 10 million barrels last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices fell on Friday but were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from OPEC and its allies to trim production further outweighed broader economic concerns. Brent crude was down 35 cents at $61.32 by 0830 GMT but the benchmark was set for a weekly gain of more than 3 per cent. West Texas Intermediate (WTI) crude was down 32 cents at $55.91 and on track for a gain of about 4 per cent over the week. The strong weekly rise was underpinned by the surprise decline [&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-298076","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\/298076","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=298076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}