{"id":354108,"date":"2020-05-29T09:57:01","date_gmt":"2020-05-29T04:27:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=354108"},"modified":"2020-05-29T10:19:12","modified_gmt":"2020-05-29T04:49:12","slug":"oil-rises-about-2-as-higher-us-refinery-rates-offsets-surprise-crude-build","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-about-2-as-higher-us-refinery-rates-offsets-surprise-crude-build\/","title":{"rendered":"Oil rises about 2% as higher US refinery rates offsets surprise crude build"},"content":{"rendered":"<p>Oil futures rose about 2% on Thursday as a steady improvement in US refining activity offset a surprise build in crude and diesel inventories and on worries that China&#8217;s new Hong Kong security law could result in trade sanctions. <\/p>\n<p>Brent for July rose 55 cents, or 1.6%, to settle at $35.29 a barrel on its second to last day as the front-month. U.S. West Texas Intermediate (WTI) crude rose 90 cents, or 2.7%, to settle at $33.71. <\/p>\n<p>That move in US crude narrowed Brent&#8217;s premium over WTI to its lowest since mid-April. <\/p>\n<p>US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures rose about 2% on Thursday as a steady improvement in US refining activity offset a surprise build in crude and diesel inventories and on worries that China&#8217;s new Hong Kong security law could result in trade sanctions. Brent for July rose 55 cents, or 1.6%, to settle at $35.29 a barrel on its second to last day as the front-month. U.S. West Texas Intermediate (WTI) crude rose 90 cents, or 2.7%, to settle at $33.71. That move in US crude narrowed Brent&#8217;s premium over WTI to its lowest since mid-April. US crude inventories rose 7.9 million barrels last [&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":[135,130,169],"tags":[],"class_list":["post-354108","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354108","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=354108"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354108\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=354108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=354108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=354108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}