{"id":353884,"date":"2020-05-28T11:20:44","date_gmt":"2020-05-28T05:50:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=353884"},"modified":"2020-05-28T11:20:44","modified_gmt":"2020-05-28T05:50:44","slug":"oil-drops-on-worse-than-feared-rise-in-us-fuel-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-drops-on-worse-than-feared-rise-in-us-fuel-stocks\/","title":{"rendered":"Oil drops on worse than feared rise in US fuel stocks"},"content":{"rendered":"<p>MELBOURNE: Oil prices fell in early trade on Thursday after US crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns.<\/p>\n<p>The decline extended losses from Wednesday on uncertainty about Russia&#8217;s commitment to deep oil production cuts in the lead-up to a June 9 meeting of the Organization of the Petroleum Exporting Countries and its allies, dubbed OPEC+.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell as much as 5 per cent to a low of $31.14 and were down 3 per cent, or 97 cents, at $31.84 at 0019 GMT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Oil prices fell in early trade on Thursday after US crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. The decline extended losses from Wednesday on uncertainty about Russia&#8217;s commitment to deep oil production cuts in the lead-up to a June 9 meeting of the Organization of the Petroleum Exporting Countries and its allies, dubbed OPEC+. US West Texas Intermediate (WTI) crude futures fell as much as 5 per cent to a low of $31.14 and were down 3 per cent, or 97 cents, at $31.84 [&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-353884","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\/353884","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=353884"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/353884\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=353884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=353884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=353884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}