{"id":348665,"date":"2020-04-29T10:32:50","date_gmt":"2020-04-29T05:02:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348665"},"modified":"2020-04-29T11:05:08","modified_gmt":"2020-04-29T05:35:08","slug":"oil-prices-jump-as-storage-fills-less-rapidly-than-feared","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-jump-as-storage-fills-less-rapidly-than-feared\/","title":{"rendered":"Oil prices jump as storage fills less rapidly than feared"},"content":{"rendered":"<p>Oil prices climbed on Wednesday, trimming some of this week&#8217;s steep losses after US stockpiles rose less than expected and hopes grew for demand to pick up as some European countries and US cities moved to ease coronavirus lockdowns. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8 per cent, or $1.09, at $13.43 at 0038 GMT, paring a 27 per cent plunge over the first two days of this week. <\/p>\n<p>Brent crude futures rose 1.8 per cent, or 36 cents, to $20.82, adding to a 2.3 per cent gain on Tuesday. <\/p>\n<p>US crude inventories rose by 10 million barrels to 510 million barrels in the week to April 24, compared with analysts&#8217; expectations for a build of 10.6 million barrels, data from industry group the American Petroleum Institute showed on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed on Wednesday, trimming some of this week&#8217;s steep losses after US stockpiles rose less than expected and hopes grew for demand to pick up as some European countries and US cities moved to ease coronavirus lockdowns. US West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8 per cent, or $1.09, at $13.43 at 0038 GMT, paring a 27 per cent plunge over the first two days of this week. Brent crude futures rose 1.8 per cent, or 36 cents, to $20.82, adding to a 2.3 per cent gain on Tuesday. [&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-348665","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348665","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=348665"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348665\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}