{"id":348769,"date":"2020-04-29T11:59:13","date_gmt":"2020-04-29T06:29:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348769"},"modified":"2020-04-29T12:51:41","modified_gmt":"2020-04-29T07:21:41","slug":"oil-jumps-above-14-a-barrel-after-massive-sell-off","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-above-14-a-barrel-after-massive-sell-off\/","title":{"rendered":"Oil jumps above $14 a barrel after massive sell-off"},"content":{"rendered":"<p>SINGAPORE: 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 virus-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  a major US exchange-traded fund (ETF)  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>SINGAPORE: 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 virus-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 a major US exchange-traded fund (ETF) 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 bargain [&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-348769","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348769","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=348769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}