{"id":348727,"date":"2020-04-29T11:17:56","date_gmt":"2020-04-29T05:47:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348727"},"modified":"2020-04-29T12:12:41","modified_gmt":"2020-04-29T06:42:41","slug":"us-oil-wti-rebounds-above-14-after-massive-sell-off","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-oil-wti-rebounds-above-14-after-massive-sell-off\/","title":{"rendered":"US oil WTI rebounds above $14 after massive sell-off"},"content":{"rendered":"<p>US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term holdings of the commodity amid coronavirus-triggered storage concerns. <\/p>\n<p>West Texas Intermediate, the US benchmark, for June delivery jumped 14.5 percent to $14.13 a barrel in Asian morning trade. <\/p>\n<p>It had plunged by more than 21 percent at one point Tuesday after the United States Oil Fund &#8212; a major US exchange-traded fund (ETF) &#8212; started selling its short-term contracts of the commodity. <\/p>\n<p>Brent crude, the international benchmark, was trading 3.27 percent higher at $21.13 a barrel. <\/p>\n<p>Traders &#8220;are bargain hunting after a couple of days of massive sell-offs&#8221;, OANDA senior market analyst Jeffrey Halley told AFP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term holdings of the commodity amid coronavirus-triggered storage concerns. West Texas Intermediate, the US benchmark, for June delivery jumped 14.5 percent to $14.13 a barrel in Asian morning trade. It had plunged by more than 21 percent at one point Tuesday after the United States Oil Fund &#8212; a major US exchange-traded fund (ETF) &#8212; started selling its short-term contracts of the commodity. Brent crude, the international benchmark, was trading 3.27 percent higher at $21.13 a barrel. Traders &#8220;are [&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":[146,130,177],"tags":[],"class_list":["post-348727","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348727","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=348727"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348727\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}