{"id":351271,"date":"2020-05-14T11:55:03","date_gmt":"2020-05-14T06:25:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351271"},"modified":"2020-05-14T11:55:03","modified_gmt":"2020-05-14T06:25:03","slug":"oil-prices-edge-higher-on-surprise-us-stock-drawdown-but-demand-concerns-linger","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-edge-higher-on-surprise-us-stock-drawdown-but-demand-concerns-linger\/","title":{"rendered":"Oil prices edge higher on surprise US stock drawdown, but demand concerns linger"},"content":{"rendered":"<p>SEOUL: OilNSE -1.29 % prices crept up on Thursday, supported by a surprise decline of US crude inventories, but gains were capped by worries that a potential second wave of the coronavirus pandemic might trigger fresh lockdowns and slam fuel demand once again.<\/p>\n<p>Brent crude futures rose 6 cents, or 0.2 per cent, to $29.25 per barrel at 0045 GMT. US West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.3 per cent, to $25.37 a barrel.<\/p>\n<p>Crude stocks in the United States had billowed since mid-January on falling fuel demand around the world as a result of the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL: OilNSE -1.29 % prices crept up on Thursday, supported by a surprise decline of US crude inventories, but gains were capped by worries that a potential second wave of the coronavirus pandemic might trigger fresh lockdowns and slam fuel demand once again. Brent crude futures rose 6 cents, or 0.2 per cent, to $29.25 per barrel at 0045 GMT. US West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.3 per cent, to $25.37 a barrel. Crude stocks in the United States had billowed since mid-January on falling fuel demand around the world as a result of [&hellip;]<\/p>\n","protected":false},"author":39,"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-351271","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\/351271","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351271"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351271\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}