{"id":347099,"date":"2020-04-17T11:10:19","date_gmt":"2020-04-17T05:40:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347099"},"modified":"2020-04-17T11:37:02","modified_gmt":"2020-04-17T06:07:02","slug":"oil-edges-higher-after-hitting-18-year-lows-but-demand-outlook-weighs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-after-hitting-18-year-lows-but-demand-outlook-weighs\/","title":{"rendered":"Oil edges higher after hitting 18-year lows but demand outlook weighs"},"content":{"rendered":"<p>Oil edged higher on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in US inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.<\/p>\n<p>With official data showing US inventories surging the most on record, WTI fell on Wednesday to its lowest since February 2002, with Brent slumping more than 6 per cent.<\/p>\n<p>Brent crude was up 25 cents, or 0.9 per cent, at $27.94 a barrel by 0643 GMT. US West Texas Intermediate (WTI) was up 14 cents, or 0.7 per cent, at $20.01.<\/p>\n<p>Concerns about crumbling demand kept a lid on gains, with both contracts trading earlier in the session as much as 2.5 per cent higher than on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil edged higher on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in US inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. With official data showing US inventories surging the most on record, WTI fell on Wednesday to its lowest since February 2002, with Brent slumping more than 6 per cent. Brent crude was up 25 cents, or 0.9 per cent, at $27.94 a barrel by 0643 GMT. US West Texas Intermediate (WTI) was up 14 cents, or 0.7 per cent, at $20.01. [&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-347099","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347099","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=347099"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347099\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}