{"id":356697,"date":"2020-06-11T10:25:01","date_gmt":"2020-06-11T04:55:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356697"},"modified":"2020-06-11T10:35:05","modified_gmt":"2020-06-11T05:05:05","slug":"oil-slides-below-41-a-barrel-as-us-inventory-rise-revives-glut-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-below-41-a-barrel-as-us-inventory-rise-revives-glut-worries\/","title":{"rendered":"Oil slides below $41 a barrel as US inventory rise revives glut worries"},"content":{"rendered":"<p>Oil fell more than 2% to below $41 a barrel on Wednesday after US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand during the lingering coronavirus crisis. <\/p>\n<p>Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the USEnergy Information Administration. <\/p>\n<p>The build exceeded analysts&#8217; expectations but was smaller than the build of 8.4 million barrels reported on Tuesday by the American Petroleum Institute, an industry group. <\/p>\n<p>&#8220;As with the broader economy we are seeing a rebound but not one that puts us where we were a year ago,&#8221; said Matt Smith, director of commodity research at Clipper Data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil fell more than 2% to below $41 a barrel on Wednesday after US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand during the lingering coronavirus crisis. Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the USEnergy Information Administration. The build exceeded analysts&#8217; expectations but was smaller than the build of 8.4 million barrels reported on Tuesday by the American Petroleum Institute, an industry group. &#8220;As with the broader economy we are seeing a rebound [&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-356697","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\/356697","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=356697"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356697\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}