{"id":346817,"date":"2020-04-15T11:11:36","date_gmt":"2020-04-15T05:41:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=346817"},"modified":"2020-04-15T11:48:27","modified_gmt":"2020-04-15T06:18:27","slug":"oil-rises-on-bargain-hunting-hopes-for-stockpile-purchases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-bargain-hunting-hopes-for-stockpile-purchases\/","title":{"rendered":"Oil rises on bargain-hunting, hopes for stockpile purchases"},"content":{"rendered":"<p>Oil prices rose on Wednesday as investors looked for bargains after the previous session&#8217;s slump and on hopes that consuming countries will look to fill their strategic reserves, although oversupply fears and warnings of a deep recession capped gains. <\/p>\n<p>Brent futures were up 38 cents, or 1.3 per cent, at $29.98 a barrel as of 0201 GMT, after falling 6.7 per cent on Tuesday. <\/p>\n<p>US West Texas Intermediate crude rose 36 cents, or 1.8 per cent, at $20.47, having crashed 10.3 per cent in the previous session. <\/p>\n<p>Both benchmarks were undercut by worries that a record global output cut by producers would not offset plunging fuel demand due to efforts to contain the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday as investors looked for bargains after the previous session&#8217;s slump and on hopes that consuming countries will look to fill their strategic reserves, although oversupply fears and warnings of a deep recession capped gains. Brent futures were up 38 cents, or 1.3 per cent, at $29.98 a barrel as of 0201 GMT, after falling 6.7 per cent on Tuesday. US West Texas Intermediate crude rose 36 cents, or 1.8 per cent, at $20.47, having crashed 10.3 per cent in the previous session. Both benchmarks were undercut by worries that a record global output cut by [&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-346817","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346817","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=346817"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/346817\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=346817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=346817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=346817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}