{"id":350108,"date":"2020-05-07T10:31:30","date_gmt":"2020-05-07T05:01:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350108"},"modified":"2020-05-07T11:02:01","modified_gmt":"2020-05-07T05:32:01","slug":"oil-gains-as-us-inventories-grow-less-than-feared-while-coronavirus-slashes-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-as-us-inventories-grow-less-than-feared-while-coronavirus-slashes-demand\/","title":{"rendered":"Oil gains as US inventories grow less than feared while coronavirus slashes demand"},"content":{"rendered":"<p>TOKYO: Oil prices rose on Thursday after US inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes fuel demand.<\/p>\n<p>Brent crude was up by 12 cents, or 0.4%, to $29.84 a barrel 0044 GMT, after falling earlier in the Asian session and dropping 4% on Wednesday.<\/p>\n<p>US oil gained 19 cents, or 0.8%, to 24.18 a barrel, after declining more than 2% in the previous session.<\/p>\n<p>&#8220;The latest report (on US inventories) added to tentative evidence that &#8211; after a catastrophic few weeks &#8211; the pressure on the US oil market is beginning to lessen,&#8221; Capital Economics said in a note. &#8220;That said, we wouldn&#8217;t rule out more turbulence in the coming weeks.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO: Oil prices rose on Thursday after US inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes fuel demand. Brent crude was up by 12 cents, or 0.4%, to $29.84 a barrel 0044 GMT, after falling earlier in the Asian session and dropping 4% on Wednesday. US oil gained 19 cents, or 0.8%, to 24.18 a barrel, after declining more than 2% in the previous session. &#8220;The latest report (on US inventories) added to tentative evidence that &#8211; after a catastrophic few weeks [&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":[130,191,136],"tags":[],"class_list":["post-350108","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350108","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=350108"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350108\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}