{"id":351454,"date":"2020-05-15T12:10:12","date_gmt":"2020-05-15T06:40:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351454"},"modified":"2020-05-15T12:45:56","modified_gmt":"2020-05-15T07:15:56","slug":"oil-prices-get-some-respite-from-drop-in-us-crude-stockpiles","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-get-some-respite-from-drop-in-us-crude-stockpiles\/","title":{"rendered":"Oil prices get some respite from drop in US crude stockpiles"},"content":{"rendered":"<p>LONDON, May 14 Oil prices climbed on Thursday following an unexpected drop in US crude stocks, but the Brent benchmark still hovered below $30 a barrel as any bullish momentum continued to be curbed by a bleak fuel demand picture due to the coronavirus pandemic.<\/p>\n<p>Brent crude futures were up 51 cents, or 1.8 per cent, at $29.70 per barrel at 0755 GMT. US West Texas Intermediate (WTI) crude futures were up 54 cents, or 2.1 per cent, at $25.83 per barrel.<\/p>\n<p>Prices have ticked up in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns to allow factories and shops to open again.<\/p>\n<p>However the emergence of new cases in South Korea and China has raised concerns over a possible second wave of infections which would weigh on economic recovery and fuel demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, May 14 Oil prices climbed on Thursday following an unexpected drop in US crude stocks, but the Brent benchmark still hovered below $30 a barrel as any bullish momentum continued to be curbed by a bleak fuel demand picture due to the coronavirus pandemic. Brent crude futures were up 51 cents, or 1.8 per cent, at $29.70 per barrel at 0755 GMT. US West Texas Intermediate (WTI) crude futures were up 54 cents, or 2.1 per cent, at $25.83 per barrel. Prices have ticked up in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns to [&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-351454","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351454","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=351454"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351454\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}